Comment on Ukraine will need billions of dollars in new aid this year, economists say

Ukraine will need billions of dollars in new aid this year, economists say

The fighting in eastern Ukraine has pushed the country deeper into an economic tailspin, and the strife-torn nation will need billions of dollars of new asssistance this year, economists say. Less than three months after approving a $17 billion loan package for Ukraine, the International Monetary Fund has revised its forecasts, predicting a sharper economic downturn, lower tax revenues, a spike in military expenditures and new costs to repair bridges and other infrastructure damaged by fighting.

 

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