[Washington, 5th Archyde.com]–The International Monetary Fund (IMF) pointed out on the 5th that Russia’s invasion of Ukraine and the resulting sanctions on Russia will have a serious impact on the world economy. He also said he would consult the board next week for a $ 1.4 billion emergency loan requested by Ukraine.
“The situation is still very fluid,” the IMF said in a statement that the fighting in Ukraine has already boosted energy and grain prices, leaving more than a million refugees and flowing to neighboring countries, leading to unprecedented sanctions against Russia. The outlook is very uncertain, but the impact on the economy is already very serious. “
“The ongoing war and the associated sanctions will have serious implications for the global economy,” he said, noting that the crisis that had already occurred under high inflationary pressures had a negative impact on inflation and economic activity. did.
Price shocks are expected to occur around the world, officials argued that support should be provided to poor households, whose spending is high in food and fuel, noting that the economic blow will be even greater if the war intensifies.
Large-scale sanctions against Russia in Western countries such as the United States and Europe “will have a great impact on the world economy and financial markets, and will have a great impact on other countries,” he said.
In Ukraine, not only human damage but also infrastructure destruction and other economic damage are serious.
“It is very difficult to accurately assess funding needs at this stage, but it is already clear that Ukraine will face significant recovery and reconstruction costs,” the IMF said.
He also pointed out that countries with strong economic ties with Ukraine and Russia, such as Moldova, are exposed to “special risks” of supply shortages and supply disruptions.
Moldova calls on the IMF to upgrade its existing $ 558 million lending program following the crisis in Ukraine. We are discussing lending options for the country with the IMF.