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Fake The West is “tired of driving Ukraine into debt”, Ukrainian Finance Minister Serhii Marchenko said

This information was disseminated by pro-Kremlin media. In the messages, the authors wrote that the Ukrainian Ministry of Finance recognized “the West’s tiredness of driving Ukraine into debt”. Allegedly, this was stated by the Minister of Finance of Ukraine Serhii  Marchenko. The authors refer to material from the Reuters news agency following the meeting of the International Monetary Fund and the World Bank in Marrakech (Morocco). It's a lie.

The case was examined by analysts from the StopFake project. They found out that the quote about the “pit of debt” was completely made up. The head of the Ministry of Finance did not make such statements. At the same time, the Reuters story states that Serhii Marchenko told the meeting how it is becoming increasingly difficult for Ukraine to receive financial support as the attention of donor countries is now focused on their upcoming elections. And he added that as the war with Russia continues, Ukraine needs to enlist financial support from Western countries to cover the budget deficit of about $42 billion by 2024.

On October 17, 2023, in an interview with Ukrinform, the head of the Ministry of Finance noted that Ukraine really depends on international support because of Russian aggression, which is precisely what hinders the country’s economic development.

According to experts from the International Monetary Fund, despite the Russian-Ukrainian war, the financial system of Ukraine has survived. The IMF also acknowledged that the sharp economic downturn in 2022 has now given way to a gradual economic recovery. For example, Ukrainian GDP growth in 2023 increased to 1-3%, and the Central Bank's reserves strengthened.

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