29 April 2022

IMF Staff Statement on the Economic Impact of War in Ukraine

Kristalina Georgieva

Washington, DC: The International Monetary Fund (IMF) Executive Board met on March 4 in a meeting chaired by Managing Director Kristalina Georgieva. Staff briefed the Board on the economic impact of the war in Ukraine, and on possible fast-tracked financial assistance for affected countries.

The war in Ukraine is resulting in tragic loss of life and human suffering, as well as causing massive damage to Ukraine’s physical infrastructure. It has sent a wave of more than 1 million refugees to neighboring countries. Unprecedented sanctions have been announced on Russia.

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