IMF managing director GEORGIEVA said the IMF cut its growth forecast for the Middle East and North Africa by 2%.

Russia’s Defence Ministry said on the 16th local time Russian forces used drones at dawn to strike Ukrainian port infrastructure and related vessels, hitting a logistics center in Odesa region and a ship supplying Odesa port. Ukraine’s State Emergency Service said the strikes damaged energy infrastructure in Odesa region. The Ukrainian General Staff said there were 304 combat engagements along the front over the past day, that Ukrainian air force, missile troops and artillery struck Russian positions, and that Ukrainian forces shot down 693 Russian drones.

COSTA said EU leaders asked the European Commission to draw up proposals to address Ukraine's additional financing needs in 2027.