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Money for crisis-hit Ukraine tops G7 agenda; inflation, food a concern

IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation

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Group of Seven financial leaders are likely to agree on around $15 billion to help Ukraine pay its bills in coming months, but surging inflation, climate change, supply chains and the impending food crisis are also on the agenda.

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy — the G7 — are holding talks as Ukraine, invaded by Russia on February 24, is struggling to fend off the attack and is running out of cash.

“We have to secure the liquidity of the Ukrainian state,” German Finance Minister Christian Lindner, whose

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First Published: May 20 2022 | 2:06 AM IST

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