International partners express willingness to continue to assist Ukraine - NBU

The central bank’s press service reported this following the results of the Spring Meetings of the International Monetary Fund and the World Bank Group, which was attended by the NBU leadership.

In particular, during the meeting, the parties discussed: Ukraine’s current economic situation and financial sector conditions; providing Ukraine with financial assistance from international partners; searching for additional sources of assistance for Ukraine’s post-war reconstruction effort; prospects for further cooperation between Ukraine and the IMF and the World Bank; increasing sanctions pressure on Russia and continuing efforts by the international community to isolate Russia from the global financial system, etc.

“Russia’s devastating invasion of Ukraine is already affecting the global economy. Every day of the war increases the scale of its consequences, losses for the Ukrainian and global economies, and the future cost of economic recovery,” NBU Governor Kyrylo Shevchenko said.

He noted that Russia’s military aggression requires unprecedented and unanimous political decisions by members of the international community, as not only has Ukraine been attacked, but also the entire world has come under threat of assault.

In turn, international partners highlighted the success of the measures taken by the NBU to support the economy and maintain financial stability in Ukraine under martial law, and expressed their willingness to continue to assist Ukraine.