The Rt Hon. Liam Byrne MP, UK
Chair of the Parliamentary Network
on the World Bank & IMF
Kristalina Georgieva
Managing Director
IMF
David Malpass
President
World Bank
28 February 2022
Dear David and Kristalina
The Parliamentary Network on the
World Bank and IMF unequivocally condemns Russia’s invasion of
Ukraine and its violation of article 2 paragraph 4 of the UN Charter which states in clear terms that all
member states shall refrain from the threat or use of force against the territorial integrity or political
independence of any state.
We reaffirm our commitment to Ukraine’s sovereignty, independence and territorial integrity. We call
upon Russia to immediately cease its use of force against Ukraine and completely withdraw its military
forces
from within Ukraine’s internationally recognised borders and urge Russia and Ukraine to work
towards the full implementation of the Minsk agreements.
In the face of this crisis, we call upon the Shareholders, Boards and Leadership of the World Bank and
IMF to coordinate together a rapid six point plan to mobilise the maximum possible support for Ukraine
in coordination with Ukraine's authorities:
1. Maximise rapid deployment of IMF resourcing through the Stand-By Arrangement, including but if
necessary moving beyond the outstanding sum of US$2.2 billion.
2. Mobilise IMF emergency financing through the Rapid Financing Instrument (RFI) including but not
limited to Ukraine's IMF quota of $28 billion
3. Mobilize the World Bank Global Crisis Risk Platform to rapidly understand the economic and social
impacts of the invasion to Ukraine and to share this publicly as a matter of urgency