IMF hopes to mobilise as much funding as possible to help Ukraine

The Kyiv School of Economics estimated in late May that the physical infrastructure damage already exceeded $105 billion

Canada and Germany have already pledged over $2 billion to a new administered account set up by the International Monetary Fund to help war-torn Ukraine, and other countries have expressed interest, IMF spokesperson Gerry Rice said on Thursday.

Rice declined to estimate the total amount that could be raised in the account, but said the IMF would like it to be "as large as possible," given Ukraine's huge needs as it defends against Russia's invasion.
 

Thousands of people have been killed since Moscow launched what it calls a "special military operation" on Feb. 24.