Ukraine has already received $100B in external financing and has completed all tasks to receive a new tranche from the IMF. Before the sixth review of the EFF’s (Extended Fund Facility) extended financing program, Ukraine had fulfilled all structural beacons by the end of October and all quantitative performance crit... #EBA #EFFprogram #imf #IMFStructuralBeacons #LoanForUkraine #SupportUkraine
What are the government’s plans for the ₴25B in reconstruction money in 2025? The Ministry of Finance, the Ministry of Economy, and the Ministry of Infrastructure selected 136 reconstruction-focused investment projects from 750 proposals submitted through the Dream system. Howe... #DREAM #UkraineReconstruction #UkraineRecovery #UkraineRoadInfrastructure #WarDamages
Ukraine will receive a loan of up to €50M from Finland and a $1.35B grant from the US for humanitarian and social programs. The Government of Finland will provide Ukraine a loan of up to €50M for energy, education, and infrastructure projects. The grant represents at least 35% of the total cost, allowing preferential finan... #DenysShmyhal #Finland #GrantForUkraine #LoanForUkraine #UkraineBudget2024 #UkraineReconstruction #worldbank
ARX and the DFC team up to offer war risk insurance coverage to businesses for up to ₴100M. The ARX company, a subsidiary of the international Fairfax Financial Holdings group, together with the DFC (US International Development Finance Corporation), will offer Ukrainian and international co... #ARX #DFC #InsuranceUkraine #WarRiskInsurance
In 2024, banks in Ukraine earned ₴118B thanks to lending and bonds. From January to September, solvent Ukrainian banks earned ₴118B ($2.8B) in net profit. The NBU explained that the primary income sources were the increase in lending volumes and investment in governme... #BankDeposits #BankLoans #financeUkraine #OVDP #UkraineBanksProfits #UkrainianBanks
Ukraine expects the IMF to approve a $1.1B loan. “The ongoing IMF mission to Kyiv ends on November 18, with discussions expected to continue virtually after that”, said an IMF resident representative in Ukraine, Priscilla Toffano. The In... #imf #IMFStructuralBeacons #ReformsinUkraine #TaxIncrease
The NBU has improved its forecast for Ukraine’s international aid for the coming years. According to the NBU, Ukraine is expected to receive about $42B in international financing for 2024, $38B in 2025, and $25B in 2026. By the end of 2024, Ukraine will receive $4.8B under the SPUR progr... #financialaidforUkraine #G7 #nbu #SupportUkraine #UkraineBudget #worldbank
The DFC helps Piraeus Bank to unlock $25M in new bank lending to Ukrainian SMEs. Small and medium-sized enterprises (SMEs) are the backbone of Ukraine’s economy, creating jobs and providing much-needed goods and services. Because of the war, commercial lending in Ukraine has becom... #agroUkraine #DFC #IoannisKyriakopoulos #JohnDidiuk #LoansforBusiness #PiraeusBank #PiraeusBankUkraine
Ukraine plans to reserve part of the $50B G7 loan for its financial needs after 2025. The G7 initiative for Ukraine that will provide $50B secured by revenues from frozen Russian assets eliminates the state budget deficit for 2025. However, the government plans to keep part of these fu... #DenysShmyhal #G7 #imf #LoanForUkraine #RussianAssetsProfits #UkraineBudget #UkraineFacility
Ukrainian securities and stock prices growafter Trump’s victory. Fund managers have been buying Ukraine’s dollar bonds in a bet that Donald Trump would win the US election, accelerating an end to the war with Russia. Ukrainian Eurobonds and GDP warrants increased w... #DonaldTrump #Eurobond #MoscowStockExchange #ukrainebonds #UkraineSecurities
In October, the Ministry of Finance raised a record ₴107B from the issuance of government bonds. Last month ₴106.9B was obtained from OVDP sales, equivalent to ₴83.4B and $569M. At the same time, military bonds accounted for almost ₴82.8B of the total volume of government bonds issued last month.... #financeUkraine #GovernmentBonds #MilitaryBond #OVDP #OVDPselling #UkraineBond
The IMF criticizes the 50% tax rate on banks’ profits and advises Ukraine to increase its internal financing sources. The deputy head of the IMF mission in Ukraine, Trevor Lessard, noted that the introduction of a 50% tax on bank profits for the second year in a row contradicts the nature of taxing excess profits, un... #imf #TaxesUkraine #TaxIncrease #TrevorLessard #UkraineBanksProfits #UkrainianBanks
The West is changing its position toward confiscation of frozen Russian assets. “If earlier the West spoke very cautiously about the possibility of using these assets, now we hear the statements of the G7 that these assets will remain immobilized. This is a ‘break in ... #AndriiPyshnyi #G7 #LoanForUkraine #nbu #RussianAssetsArrested #SanctionsAgainstRussia
The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports. The World Bank is starting a new $593M program to support small and medium-sized businesses in Ukraine. The financing consists of $283M from the ADVANCE Ukraine trust fund (from Japan), $300M from the... #ADVANCEukraine #DeltaFood #SuziriaGroup #USAID #UtermUkraine #worldbank
The US wants additional guarantees regarding its share of the G7’s loan to Ukraine. The US wants to receive an additional premium on its share of Ukraine’s €45B loan to compensate for the sanctions-related risks that this agreement carries, wrote Politico. The premium being neg... #G7 #HungaryVeto #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SanctionsAgainstRussia
Bankers do not expect a change in the key policy rate by the end of the year, but there are risks. Ukrainian bankers believe that the Board of the NBU will leave the discount rate at the current level of 13% per annum at a meeting on Thursday. “However, a return to tightening monetary policy ... #financeUkraine #KeyPolicyRate #nbu #OTPbank #PravexBank #RaiffeisenBank #UkrainianBanks
The yield on deposits will continue to decline, but commercial lending conditions have softened for the first time since 2021. Ukrainian banks expect a further reduction in deposit rates for both individuals and businesses. A survey on lending conditions showed that in the third quarter, the largest share of respondents since... #BankDeposits #BankLoans #ConsumerLending #financeUkraine #UkrainianBanks
Ukraine will settle nonperforming loans, which will help to attract private investment. The National Bank of Ukraine and the IFC signed an agreement to create an infrastructure for resolving nonperforming loans (NPL) in the Ukrainian banking system. The agreement envisages the creation o... #ifc #nbu #NonPerformingLoans #NPL #UkraineBankingSystem
Nova Poshta records high demand for its bonds from institutional investors. Nova Poshta from the Nova Group, a leading logistics operator in Ukraine, notes a significant demand for its bonds from a wide range of institutional investors, the group’s financial director Pe... #financeUkraine #investments #NovaGroup #NovaPoshtaBonds #PetroFokov #ukrainebonds
Ukraine expects to receive another $15B from its partners by the end of 2024. The Ministry of Finance of Ukraine expects to receive more than $15B in foreign aid in the last two months of 2024. During October 21-26, the ministry’s team led by Minister Serhii Marchenko hel... #financialaidforUkraine #G7 #imf #IMFtranche #LoanForUkraine #RussianAssetsProfits #SerhiyMarchenko
Ukraine will receive the first funds from the G7 $50B loan in December; Ukraine’s goal is to confiscate all frozen Russian assets. The leaders of the G7 countries have reached a consensus on providing about $50B in loans to Ukraine, secured by revenues from frozen Russian sovereign assets. In a communique published by world finan... #G7 #LoanForUkraine #OksanaMarkarova #RussianAssetsArrested #RussianAssetsProfits #worldbank
Ukrainians have bought the equivalent of 33% of Ukraine’s international aid for their savings. The purchase of foreign currency by the Ukrainian population has increased by 250% compared to the previous year. In the last 12 months, the population bought foreign currency worth $10.6B, including ... #BohdanDanylyshyn #CurrencyLiberalization #CurrencyMarket #CurrencySale #financeUkraine #nbu
Ukrainian dollar bonds are rising in price; funds believe that Trump’s victory will contribute to a faster end to Russia’s war in Ukraine. Ukrainian bonds are reported to have risen almost 6% in October, becoming one of the best performing assets on the market, with their value approaching $.50-1. Warrants linked to Ukraine’s econo... #DonaldTrump #DragonCapital #UkraineBond #WarinUkraine #Zelenskyy
The IMF encourages Ukraine to make profound tax changes but not to raise rates. IMF experts unveiled their proposals for reducing Ukraine’s national debt as part of their recommendations. The IMF’s Deputy Director of the Fiscal Affairs department, , noted that their r... #EraDablaNorris #imf #TaxesUkraine #TaxIncrease #ukrainedebt #UkraineEconomicForecast #UkraineEconomy
Since the beginning of the year, Ukrainians have increased hryvnia deposits by more than ₴54B. As of October 1, the total amount held in individual deposits (including individual entrepreneurs) in Ukrainian banks amounted to ₴1.3257T. Over the month, it increased by ₴24.7B ($625M), according to... #BankDeposits #financeUkraine #HryvniaDeposits #UkrainianBanks
Scholz said the G7 is finalizing work on allocating a $50B loan to Ukraine; the US has confirmed this information. German Chancellor Olaf Scholz said that completing the work to provide the $50B loan agreed upon by the G7 countries is a clear signal to Putin regarding his long-term support for Ukraine. In turn, US... #ChristianLindner #G7 #JanetYellen #LoanForUkraine #OlafScholz #RussianAssetsArrested #RussianAssetsProfits
Ukraine will receive a $3B loan from Britain and €35B from the EU secured by frozen Russian assets. Ukraine will receive a loan from the UK for £2.26B ($2.93B), secured by profits from the frozen assets of the Russian Federation. The funds will become additional funding (up to £3B in military aid pe... #DenysShmyhal #G7 #GreatBritain #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits
Denmark will provide Ukrainian cities with loans of up to €100M for energy-efficient projects that have been unable to attract investors. The Ukrainian government has approved a procedure for selecting projects enabling energy efficiency, energy saving, and alternative fuels, which will be financed within the Danida Business Finance pro... #DanidaBusinessFinance #Denmark #EnergyEfficiencyProgram #EnergyRestore #energyukraine #LoanForUkraine
The US agrees to provide almost $20B as part of the G7’s loan to Ukraine. According to FT, Western officials want to deliver funding to Kyiv by the end of the year, realizing that if Donald Trump wins the US elections in November, Washington’s aid to Ukraine is at ris... #G7 #imf #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #worldbank
The IMF Board has completed the fifth EFF review for Ukraine and will allocate $1.1B, an IMF statement says. Experts note that the Ukraine’s economy remains stable, and the implementation of the EFF program is high, despite difficult conditions. Ukrainian authorities met all quan... #EFFprogram #imf #IMFStructuralBeacons #IMFtranches #ReformsinUkraine
Ukraine will receive about $5B to produce drones; the opening of defense product exports is under consideration. President Volodymyr Zelenskyy said that by the end of the year Ukraine will receive another $4-5B for domestic drone production. Zelenskyy specified that the state spent about ₴120B ($3B) on domestic ... #DefenseIndustryUkraine #DroneProduction #RustemUmerov #UkrainianWeapons #WeaponsExport #Zelenskyy
Ukrainians are increasingly buying foreign currency. The NBU had to increase interventions to a three-month high. According to ICU analysts, demand for foreign currency among Ukrainians remains at a very high level and is forcing the NBU to sell large volumes of it from its international reserves to maintain the ... #currencyexchange #CurrencyMarket #financeUkraine #nbu
US Deputy Under Secretary for International Finance Brent Neiman is confident that the IMF will approve a new $1.1B tranche for Ukraine. The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone s... #BrentNeiman #imf #IMFprogramm #IMFStructuralBeacons
The European Parliament will determine the fate of Ukraine’s €35B loan next week. The European Parliament’s Trade Committee, supported by an overwhelming majority of votes, to provide financial support to Ukraine through a €35B loan secured by the Russian frozen assets. ̶... #EuropeanParliament #G7 #LoanForUkraine #SupportUkraine
Brave1 defense cluster participants have already received $8M in grants from the state. According to Minister of Digital Transformation Mykhailo Fedorov, companies registered on the Brave1 platform have already received $8M in grants from the state to develop their technological startups... #Brave1 #DefenseInvestments #DefenseTechnology #DroneProduction #Grants #MykhailoFedorov
Thanks to lower fees on its IMF loans, Ukraine will save hundreds of millions of dollars. The IMF, one of Ukraine’s key donors, has made an important decision that will reduce public debt payments for developing countries, including Ukraine. From November, the IMF will reduce its com... #imf #IMFloans #KristalinaGeorgieva #LoanForUkraine #VladyslavRashkovan
Ukrainian businesses have already received loans sufficient to launch 200 MW of generation, and the Ministry of Energy is confident Ukraine will add 1 GW of distributed generation. According to the NBU, from June to September the majority of borrowed funds were for the purchase and installation of gas-piston cogeneration plants (96 MW), the purchase of diesel and gasoline genera... #ElectricityGeneration #EnergyDecentralization #EnergyRestore #energyukraine #LoansforBusiness
The World Bank will create a fund that will help the US, Canada, and Japan participate in financing the promised $50B G7 loan to Ukraine for. The creation of the Financial Intermediation Fund (FIF) to assist Ukraine was supported on October 10 by all members of the international financial organization, with the exception of Russia. The fund... #FIF #G7 #LoanForUkraine #RussianAssetsProfits #SupportUkraine #worldbank
The tax increase will bring a corresponding increase in Ukraine’s shadow economy. Because of the retrospective increase in taxes from October 1, businesses are transferring their workers to the shadow employment sector. This will increase the shadow economy by 10 percentage points,... #ShadowEconomy #TaxesUkraine #TaxIncrease #UkraineBudgetDeficit #UkraineEconomy
Canada will provide Ukraine with a $300M soft loan, and USAID will mobilize another $1.75B to support farmers. The MoF signed a fourth additional agreement with the Canadian government regarding a CAD 400M ($300M) loan. The loan is for ten years with an annual interest rate of 1.5%. The grace period is 4.5 yea... #AGRIUkraine #Canada #ebrd #LoanForUkraine #USAID #Vinnytsia
In 2025, Ukraine risks losing 50% of its aid from foreign partners. According to the Kiel Institute of World Economy, “Ukraine is going through uncertain times regarding further support from Western allies. A Donald Trump US presidency or the use of new lending ... #DonaldTrump #financialaidforUkraine #MilitaryAidforUkraine #SupportUkraine #UkraineBudget
On what terms will Ukraine receive the EU’s €35B loan? The Council of the EU agreed to provide Ukraine with a €35B package of macro-financial assistance, which will be part of a €45B ($50B) G7 loan secured by the Russian Federation’s frozen assets. ... #EUCouncil #Hungary #LoanForUkraine #RussianAssetsProfits #SupportUkraine
During the war, Ukrainians have significantly increased their investments in military bonds, to $1.7B. Individual investments increased to ₴71.2B ($1.7B) at the beginning of October, against ₴25.5B ($622M) in February 2022. Individual investors currently represent more than 4% of the total portfolio o... #BondsUkraine #financeUkraine #ForeignInvestor #investments #OVDP
WTW sees new market opportunities and offers insurance policies for organizations planning to operate in Ukraine. Foreign and local companies in Ukraine have adjusted to the new realities and continued to work and try to expand their operations during the war. Moreover, many companies are considering entering the... #ForeignCompanies #InsuranceUkraine #UkrainianMarket #WillisTowersWatson #WTW
The MoF raises a record ₴30B from the sale of government bonds, and the NBU expands the list of required benchmark domestic government debt securities. On October 8, the Ministry of Finance placed bonds of the domestic state loan (OVDP) for a total amount of ₴30.26B ($750M). This is more than for the month of August (₴29.1B) and is the largest figure... #BondsUkraine #financeUkraine #nbu #OVDP #UkraineSecurities
Banks in Ukraine predict the growth of business lending in Ukraine. Commercial interest rates will no longer decrease, but this will not stop growth in lending, industry representatives shared. In particular, Sense Bank plans for their loan portfolio to grow by 150% t... #LoanPortfolio #LoansforBusiness #PiraeusBank #SenseBank #Taskombank #UkrainianBanks
The EU promises to provide Ukraine with a €35B loan by the end of the year and is looking for ways to circumvent Hungary’s veto. EU countries and the European Parliament need to quickly explore all legislative procedures so that Ukraine can receive a new €35B loan, which is the EU’s share of the G7’s proposed loan, ... #EuropeanPeaceFund #financialaidforUkraine #G7 #HungaryVeto #LoanForUkraine #MarošŠefčovič
In September, Ukraine received only €10M in foreign aid. How was the budget affected? In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Befor... #ebrd #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #worldbank
This year, deposits in Ukraine are growing faster than loans, and bankers note growing saving accounts and confidence in banks on the part of Ukrainians. Commenting on the latest financial trends in Ukraine during the recent War & Business conference, the chairman of the board of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, noted that currently, ... #AndrewPryma #PiraeusBank #UBNnetwork #UkraineBusinessNetwork #War&Business #WarandBusiness #YannisKyriakopoulos
In September, Ukraine’s international reserves decreased by 8.1% to $38.9B. As noted by the National Bank, this dynamic results from the NBU’s currency interventions to cover the structural currency deficit on the market and smooth out exchange rate fluctuations, as wel... #Creditors #financeUkraine #internationalReserves #nbu #OVDP #UkraineDebtRepayment #worldbank
