Efforts to fight off invading Russian forces have pushed the country's budget and international reserves to the limit.
Finance Minister Serhiy Marchenko said that a new assistance package is under discussion. The governor of the central bank called for a new deal with the lender.
Marchenko said in an interview that they are having preliminary discussions with the team from the International Monetary Fund. It is very uneasy for us and the team at the International Monetary Fund to prepare a very sophisticated macro-financial structure, macro-financial forecast by the end of this year.
Since February, when Russian President Putin launched his attack, Ukraine has received more than $6 billion in aid from the International Monetary Fund.
Moscow has killed tens of thousands of Ukrainians and wreaked havoc on the economy. The government has been forced to spend more to buy weapons and defend itself because of that.
International aid is seen as the main source of financing by the Finance Ministry. According to Marchenko, Kyiv expects to get more from western partners in June than in the previous month, but still short of the monthly need.
The central bank hiked its key interest rate last week because of the dilemma.
Policy makers decided to boost the hryvnia in order to get investment. The governor said that the government should raise interest on domestic bonds.
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