{
  "title": "Statement by IMF Managing Director Kristalina Georgieva on Ukraine",
  "publication": "IMF News, February 25, 2022",
  "sourceUrl": "https://www.imf.org/en/news/articles/2022/02/25/pr2251statement-by-imf-md-on-ukraine",
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  "summary": "Press Release No. 22/51",
  "publishDate": "2022-02-25",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Press Release No. 22/51\n- Date: February 25, 2022\n- Issued by: IMF Communications Department, MEDIA RELATIONS\n- Summary of statement: The events in Ukraine are described as \"a matter of grave concern—first and foremost due to the human toll and suffering of ordinary people.\" The conflict is having \"a serious economic impact, which will worsen the longer it continues\" and \"threatens to undo some\" of the global economy's recovery from the COVID-19 pandemic."
    },
    {
      "heading": "Immediate IMF assessment and operational posture",
      "content": "- The Managing Director briefed the Executive Board on the IMF’s initial assessment of the unfolding situation.\n- IMF staff will \"continue to work closely with the authorities to support Ukraine in every way we can.\"\n- Coordination commitments: \"We will also continue to work hand in hand with the World Bank Group and other partners to coordinate our support and ensure the maximum benefit for Ukraine.\"\n- Current operational modality: \"These discussions are being conducted remotely with staff participating from Washington.\""
    },
    {
      "heading": "Financial instruments, requests, and potential support",
      "content": "- The IMF \"has a number of instruments in its toolkit\" and will \"continue to discuss with the authorities how we can best assist them\" as the situation evolves.\n- Specific financial position noted: \"We are exploring all options for further financial support, including under the existing Stand-By Arrangement for an outstanding amount of US$2.2 billion.\"\n- Ukraine has also \"requested IMF emergency financing.\"\n- Non-financial support: \"In addition to ongoing policy advice,\" IMF engagement will include tailored financial support as appropriate."
    },
    {
      "heading": "Regional and global economic implications",
      "content": "- The conflict poses \"significant economic risks in the region and around the world.\"\n- Areas under active assessment include:\n  - \"the functioning of the financial system\"\n  - \"commodity markets\"\n  - \"the direct impact on countries with economic ties to the region\"\n- The IMF states it is ready to \"support our members as needed, in close coordination with our international partners.\""
    },
    {
      "heading": "Media contact",
      "content": "- PRESS OFFICER: Meera Louis\n- Phone: +1 202 623-7100\n- Email: mlouis@IMF.org\n- IMF spokesperson: @IMFSpokesperson\n\nStatement by IMF Managing Director Kristalina Georgieva on Ukraine — Press Release No. 22/51 (February 25, 2022).\n\n---\n\n Content in this bundle\n\n- Заява Директора-розпорядника МВФ Крісталіни Георгієвої стосовно України\n  - Заява Директора-розпорядника МВФ Крісталіни Георгієвої стосовно України (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Заява Директора-розпорядника МВФ Крісталіни Георгієвої стосовно України (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva\n- https://www.imf.org/en/Topics/IMF-and-Ukraine\n- Ukraine and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2022/02/25/pr2251statement-by-imf-md-on-ukraine"
    }
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    "Published: February 25, 2022",
    "Press Release No. 22/51",
    "Date: February 25, 2022",
    "Issued by: IMF Communications Department, MEDIA RELATIONS",
    "Summary of statement: The events in Ukraine are described as \"a matter of grave concern—first and foremost due to the human toll and suffering of ordinary people.\" The conflict is having \"a serious economic impact, which will worsen the longer it continues\" and \"threatens to undo some\" of the global economy's recovery from the COVID-19 pandemic.",
    "The Managing Director briefed the Executive Board on the IMF’s initial assessment of the unfolding situation.",
    "IMF staff will \"continue to work closely with the authorities to support Ukraine in every way we can.\"",
    "Coordination commitments: \"We will also continue to work hand in hand with the World Bank Group and other partners to coordinate our support and ensure the maximum benefit for Ukraine.\"",
    "Current operational modality: \"These discussions are being conducted remotely with staff participating from Washington.\"",
    "The IMF \"has a number of instruments in its toolkit\" and will \"continue to discuss with the authorities how we can best assist them\" as the situation evolves.",
    "Specific financial position noted: \"We are exploring all options for further financial support, including under the existing Stand-By Arrangement for an outstanding amount of US$2.2 billion.\"",
    "Ukraine has also \"requested IMF emergency financing.\"",
    "Non-financial support: \"In addition to ongoing policy advice,\" IMF engagement will include tailored financial support as appropriate.",
    "The conflict poses \"significant economic risks in the region and around the world.\"",
    "Areas under active assessment include:",
    "The IMF states it is ready to \"support our members as needed, in close coordination with our international partners.\"",
    "PRESS OFFICER: Meera Louis",
    "Phone: +1 202 623-7100",
    "Email: mlouis@IMF.org",
    "IMF spokesperson: @IMFSpokesperson",
    "**Заява Директора-розпорядника МВФ Крісталіни Георгієвої стосовно України**",
    "[https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva](https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva)",
    "[https://www.imf.org/en/Topics/IMF-and-Ukraine](https://www.imf.org/en/Topics/IMF-and-Ukraine)",
    "[Ukraine and the IMF](http://www.imf.org/external/country/UKR/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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