Ukrainian Prime Minister Finance officials to visit Washington next week – National

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Ukrainian Prime Minister Denis Shmyal will visit Ukraine’s top financial officials Washington Next week during the Spring Meetings of the International Monetary Fund and world bankSources familiar with the plans said on Friday.

Shmyhal, Finance Minister Serhiy Marchenko and Central Bank Governor Kirillo Shevchenko are scheduled to meet bilaterally with financial officials from the Group of Seven and others, and to participate in a round table on Ukraine The sources said the World Bank will host it on Thursday.

Thursday’s event will be the first opportunity for key Ukrainian officials to meet in person with a group of financial officials from advanced economies since then. RussiaInvasion of Ukraine on February 24.

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The fallout from Russia’s war in Ukraine is expected to dominate next week’s meetings of top economic officials from the World Bank and International Monetary Fund member states, as well as the Group of Seven and Group of Twenty, as the International Monetary Fund prepares to lower its forecast for global growth as a result of the war. .

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Russian President Russian President Vladimir Putin He sent his forces to Ukraine in what he called a “special military operation” to disarm and “disarm” Ukraine.

Kyiv and its Western allies say these are false justifications for an unprovoked war of aggression that has driven a quarter of Ukraine’s 44 million people from their homes and killed thousands.

Thursday’s meeting will be more of a roundtable than a donor conference, although the IMF and World Bank have both set up separate accounts to be able to process and roll over donations, and additional pledges are expected next week.

The results of the bombing by Russian forces are seen in Chernihiv, northern Ukraine.

(Photo by Pavlo_Bagmut/Ukrinform/NurPhoto via Getty Images)

It will give officials an opportunity to discuss the physical devastation and economic consequences of the war, as well as the continued functioning of Ukraine’s banking and financial sector.

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“Without support now, there will be no reconstruction in the future,” said one of the sources.

There was no immediate comment from the World Bank on the event.

World Bank President David Malpass said at an event in Warsaw This week the bank was preparing a $1.5 billion support package for Ukraine.

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Albertans continue to increase their support for Ukraine where the war is a milestone

Albertans continue to increase their support for Ukraine where the war is a milestone

The Executive Board of the International Monetary Fund last week approved the creation of a new account that would give bilateral donors and international groups a safe way to send financial resources to Ukraine.

Canadaone of Ukraine’s main backers, has proposed disbursing up to 1 billion Canadian dollars through the new account, which will be managed by the International Monetary Fund.

The account will allow donors to provide grants and loans to help the Ukrainian government meet balance of payments and budget needs and help stabilize its economy as it continues to defend against a deadly Russian invasion.

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Marchenko said last week that his government was seeking about 4 billion euros ($4.37 billion) in foreign funding on top of the 3 billion euros it had already received to deal with a budget deficit.

(Reporting by Andrea Shalal; Editing by Sandra Mahler)

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