Kristalina Georgieva
Kristalina Georgieva is a Bulgarian economist who has served as the Managing Director of the International Monetary Fund (IMF) since 2019. Before that, she held senior roles in the European Commission, including Executive Vice President and Commissioner for Budget and Human Resources. Earlier in her career, she spent nearly two decades at the World Bank, eventually serving as a Vice President. She is a prominent voice in global financial policy.
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IMF mission starts combined second and third reviews of Ukraine’s EFF programme
An IMF mission led by Gavin Graeme began discussions in Ukraine on 9 November on the combined second and third reviews of the country’s Extended Fund Facility programme. The review covers macroeconomic and fiscal policy, financial stability, structural reforms and the implementation of programme commitments. Successful completion could make up to $1.67 billion available to Ukraine.
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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.