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Ukraine's New Premier Eyes Fresh IMF Loan for War-Racked Budget
Ukraine's New Premier Eyes Fresh IMF Loan for War-Racked Budget

Bloomberg

timea day ago

  • Business
  • Bloomberg

Ukraine's New Premier Eyes Fresh IMF Loan for War-Racked Budget

Ukraine's new prime minister said she's likely to seek more financing from the International Monetary Fund as she sets out to shore up the nation's fiscal needs with no end in sight to Russia's war. Yuliia Svyrydenko, a 39-year-old ally of President Volodymyr Zelenskiy who became Ukraine's second female head of government last week, laid out the budget squeeze in stark terms. Global donors have so far earmarked only half of the estimated $75 billion that the war-strained budget requires over the next two years, she said.

Ukraine's New Premier Is Preparing to Seek a Fresh IMF Program
Ukraine's New Premier Is Preparing to Seek a Fresh IMF Program

Bloomberg

timea day ago

  • Business
  • Bloomberg

Ukraine's New Premier Is Preparing to Seek a Fresh IMF Program

Ukraine's new prime minister said she's likely to seek more financing from the International Monetary Fund as she sets out to shore up the nation's fiscal needs with no end in sight to Russia's war. Yuliia Svyrydenko, a 39-year-old ally of President Volodymyr Zelenskiy who became Ukraine's second female head of government last week, laid out the budget squeeze in stark terms. Global donors have so far earmarked only half of the estimated $75 billion that the war-strained budget requires over the next two years, she said.

Ukraine's new prime minister announces full audit of public spending
Ukraine's new prime minister announces full audit of public spending

Reuters

time6 days ago

  • Business
  • Reuters

Ukraine's new prime minister announces full audit of public spending

KYIV, July 17 (Reuters) - Ukraine's newly appointed Prime Minister Yuliia Svyrydenko said on Thursday that her government would be launching a full audit of public finances to achieve "real savings", and that large-scale privatisations should be accelerated. Svyrydenko, who was voted in by parliament earlier in the day, said on X that her priorities in the role would be to ensure reliable supplies to the army and to expand domestic weapons production.

Zelenskyy shakes up Ukrainian Cabinet, appointing new Prime Minister to reinvigorate war effort
Zelenskyy shakes up Ukrainian Cabinet, appointing new Prime Minister to reinvigorate war effort

The Hindu

time6 days ago

  • Business
  • The Hindu

Zelenskyy shakes up Ukrainian Cabinet, appointing new Prime Minister to reinvigorate war effort

Ukraine's Economy Minister and the key negotiator in the mineral deal with the U.S., Yuliia Svyrydenko, has been appointed as new Prime Minister, becoming its first new head of government since the start of Russia's full-scale invasion in 2022. Ms. Svyrydenko is one of a group of officials taking on new roles in Ukraine's government, as President Volodymyr Zelenskyy reshuffles the Cabinet in a bid to energize a war-weary nation and boost domestic weapons production in the face of Russia's grinding invasion. At home, however, the Cabinet recalibration has not been seen as a major shift, as the Ukrainian leader continues to rely on officials who have proven their effectiveness and loyalty during the war, now in its fourth year.

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