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Marketplace All-in-One

IMF: Ukraine needs “timely support” from donors

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 February 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: As Ukraine prepares to mark two years since Russia’s invasion, the International Monetary Fund says the country’s economy is holding up — but funding from the U.S. and other international backers remains essential. In Ukraine, however, delays in international funding are weighing on confidence. Plus, could menopause be considered a disability? Then, a look at the link between trade deals and panda deals.

Transcript

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0:00.0

Ukraine's economy is proving surprisingly robust, but it's going to need a lot of

0:06.0

international support. That's the warning from the International Monetary Fund this

0:09.2

morning as we kick off the Marketplace Morning Report from the BBC World Service.

0:12.8

Will Bain, Ian For Leanna Byrne again today.

0:14.8

Great to have your company.

0:16.4

As always, yeah, tomorrow is the two year anniversary of Russian President

0:20.0

Vladimir Putin's invasion of Ukraine.

0:22.3

And today, the IMF gave an update on the

0:24.3

country's finances. It says the authorities have skillfully maintained financial

0:28.7

stability which together with significant external financing has enabled a stronger than expected

0:34.1

economic recovery in 2023. But and it's a big but it estimates reconstruction

0:39.6

costs of nearly half a trillion dollars and warn delays in external financing, i.e. from partners like the

0:45.2

US and the EU, are weighing on confidence.

0:48.3

The BBC's Joe Critcher looks at the delays on foreign funding from two of Ukraine's major backers.

0:55.0

In the Ukrainian capital, Kyiv Air Aid Sirens are a common sound.

1:00.0

Despite being hundreds of miles from the front line, the city is still a target of Russian forces.

1:05.6

But Genia, who runs six restaurants, says life goes on.

1:09.6

People drink, people hang out, people have fun, you know, because we need it.

1:17.0

Because otherwise, you know, businesses fall apart.

1:20.0

Investors don't want to invest.

1:22.0

And, you know, that's how you lose a win.

1:25.0

For those in other towns and cities closer to the conflict, day-to-day life is very

...

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