IMF says when the war in Ukraine will end

The International Monetary Fund has revised its main forecast, which still assumes that the war in Ukraine could end in the last months of 2025.

At the same time, the IMF emphasised that "the risks are still high".

Ukraine's economic growth forecast for 2025 has been lowered by 0.5 per cent and for 2026 by 0.8 per cent due to lower steel exports and higher energy imports.

The IMF report also states that Ukraine's economic growth this year will be negatively affected by attacks on gas infrastructure by invaders and the closure of a crucial coal mine near Pokrovskoye.

However, the outlook for agricultural exports remains positive.

The memorandum says that progress in ending the war could have a positive impact on Ukraine's economy. At the same time, the fund warns that the negotiations are at an early stage and there is a possibility of changes in international partners' support for the country in the areas of finance and security.

IMF chief Kristalina Georgieva said that macroeconomic stability in Ukraine has been maintained thanks to skilful policy making as well as significant external support.