Kristalina Georgieva
Kristalina Georgieva is a Bulgarian economist and politician who has served as Managing Director of the International Monetary Fund since 2019. Before taking that role she was Chief Executive Officer of the World Bank and, earlier, European Commissioner for Budget and Human Resources. She also held senior posts in the European Commission, including a vice-presidency, during a long career in EU institutions. She is the first person from an Eastern European country to lead the IMF.
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Ukraine suspends non-priority spending as PM warns of critical fiscal squeeze
Ukraine's Cabinet of Ministers approved a decision on 28 September prioritizing state expenditures toward defense, pensions, social payments and public-sector salaries, while suspending non-critical construction, reconstruction, capital repairs and beautification projects until the end of the war. Prime Minister Serhiy Koretsky said part of the pressure stems from delayed international financing, in part because Ukraine has not fulfilled some of its commitments to international partners. The government has identified about $7 billion through internal optimization against a reported $27 billion Ministry of Defense deficit.
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Zelensky and Trump meet in New York: energy ceasefire, Patriot production and a push to end the war before winter
On September 22, Ukrainian President Volodymyr Zelensky met US President Donald Trump on the sidelines of the 81st UN General Assembly in New York. Zelensky proposed a mutual energy ceasefire, raised licensing of Patriot interceptor missile production in Ukraine, and said he is ready to meet Vladimir Putin with Trump's help. Trump said the war will end "sooner than people realize" and warned he is ready to use the newly-signed "Graham law" sanctions against Russia.
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Zelensky tells IMF's Georgieva in New York that Fund will help Ukraine secure part of 2027 financing
President Volodymyr Zelensky met IMF Managing Director Kristalina Georgieva on the sidelines of the 81st UN General Assembly in New York on September 22, and said the IMF will help Ukraine find part of the funds needed for its financial stability in 2027. Zelensky told Georgieva that the Verkhovna Rada had already passed some of the legislation required by partners and that the remaining laws would be adopted by year's end.