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IMF does not take into account that Ukraine has been waging war for the eighth year—Zelenskyy

Zelensky considers it unfair for the IMF to make the same demands to Ukraine as to other states. Photo: Office of the President

Zelensky considers it unfair for the IMF to make the same demands to Ukraine as to other states. Photo: Office of the President

The International Monetary Fund (IMF) is making the same demands to Ukraine as to other states, and this is unfair, since there is a war in Ukraine in the Donbas.

"Our country simply cannot be put on a par with others. Because there is a war going on. Because money is spent on priorities not in terms of economics, but in terms of security. First, the military, first medicine, then everything else," President Volodymyr Zelenskyy said in an interview with France-Presse (AFP), Reuters, and Associated Press (AP), according to the Office of the President.

At the same time, continued cooperation of Ukraine with the IMF is important for economic stability and the investment climate, as other financial support programs are tied to the IMF program. "Therefore, we will definitely do everything we promised," the President assured.

Context. At the end of February 2021, the international rating agency Fitch Ratings predicted that in 2021 the IMF will provide Ukraine with only one loan tranche in the amount of $0.7 billion.

The Head of the Servant of the People faction David Arakhamia expressed confidence that by June 1 the Verkhovna Rada will adopt all the laws that are necessary to continue cooperation with the IMF, namely for the next tranche allocation..

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