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Ukraine needs additional financial aid - IMF's European department

October 11, 2014, 1:52 UTC+3 WASHINGTON
“We do see a somewhat higher financing need, it’s too early to say how much,” the IMF’s European department head, Poul Thomsen said
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WASHINGTON, October 11. /TASS/. Ukraine will need additional financial aid in the face of uncertainty in the country, the International Monetary Fund (IMF) said on Friday.

“We do see a somewhat higher financing need, it’s too early to say how much,” the IMF’s European department head, Poul Thomsen said.

The conflict in Ukraine creates grave consequences for the real economic sector, export and import, he said.

“Ukraine’s international partners need to start thinking about if they can provide more support for the country,” Thomsen said.

According to the IMF, Ukraine’s external state debt will exceed 100% of GDP and reach 102.2% in 2014. In 2015 it will rise to 106.4% of GDP.

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