Hungary has blocked €500M in aid for Ukraine, but the EU has a backup plan. Hungary has blocked access to the European Peace Fund money that EU countries have been using to purchase weapons for Ukraine. According to a high-ranking EU diplomat, EU countries will put pressure o... #EUfinancialAid #EuropeanPeaceFund #HungaryVeto
The expectations of bankers and financial analysts regarding the hryvnia exchange rate and inflation have improved. According to the National Bank of Ukraine, bankers forecast the hryvnia exchange rate over the next 12 months at UAH 42.70/$1. In October, they expected an exchange rate to be slightly higher at UAH 4... #hryvniaexchangerate #InflationinUkraine #nbu
The world’s largest investment banks are ready to join in Ukraine’s restoration. “We are interested in and prepared to join the recovery of Ukraine, attracting capital and leadership in the capital markets,” Goldman Sachs CEO David Solomon said at the Ukrainian Breakfast in Davos.... #BlackRock #DavidSolomon #InvestmentsinUkraine #LarryFink #UkraineRestoration
A Ukrainian bank plans to enter the Polish market. Monobank intends to enter the Polish market under the name Stereo, said the bank’s co-founder Oleg Horohovskyi. Users mention banking among the advantages that Ukrainians have in Ukraine but not... #Monobank #OlegHorohovskyi #Stereo
The guarantee fund will auction Prominvestbank’s loans. On February 1, 2023, Prozorro.Sales auction platform will hold an auction for the sale of the assets of PJSC Prominvestbank, which the Deposit Guarantee Fund is liquidating. The lot includes claims un... #DepositGuaranteeFund #Prominvestbank #Prozorrosales
Over the past year, the budget received UAH 164B and more than 3 billion in foreign currency from the sale of OVDP bonds. According to the National Bank of Ukraine, the Ministry of Finance placed UAH 164.385B worth of hryvnia government bonds last year, which is 42.9% less than in the same period of 2021. Also, the gover... #Bondssale #BondsUkraine #nbu
Ukraine and the EU have signed a memorandum on €18B in macro-financial aid; the first €3B will arrive on January 17. European Commission President Ursula von der Leyen announced that the first €3B of macro-financial assistance to Ukraine will arrive on January 17. Preferential loan funds will be transferred to Ukrai... #EUassistance #EUfinancialAid #UrsulavonderLeyen
Japan has postponed four loan payments from Ukraine. On January 16, the Minister of Finance of Ukraine, Serhiy Marchenko, at a meeting with the Ambassador of Japan to Ukraine, Kuninori Matsuda, signed an agreement on the payment postponement for the rep... #KuninoriMatsuda #SerhiyMarchenko #UkraineDebtPayment #UkraineLoans
The NBU has called on international banks to withdraw from the Russian market. The National Bank of Ukraine emphasized the impermissibility of international banks’ cooperation with Russia and Belarus and called on them to fulfill their promises and finally withdraw from th... #InternationalBanksInRussia #nbu #RussianMarket
Banks’ demand for benchmark bonds brought UAH 23.5B to the budget. On January 10, the Ministry of Finance attracted UAH 23.52B to the state budget from the sale of domestic government bonds due to growing demand from banks. According to the Ministry of Finance, UAH 2... #BondSalesUkraine #BondsUkraine #nbu
Ukraine increased its share of international reserves in dollars. The share of US dollars in Ukraine’s international reserves increased from 80.2% to 83.6% in 2022. This happened due to the dollar’s growth against the main world currencies last year. At ... #nbu #NBUInternationalReserves #Ukraineinternationalreserves
The NBU wants to stop the “printing” of the hryvnia and encourages banks to invest in government bonds. The National Bank of Ukraine has allowed banks to cover up to 50% of their required reserves through domestic state loan bonds (OVDP). The NBU believes that this step will contribute to more active ba... #nbu #UkraineBond
Bonds from Ukrainian cities will be sold in Poland. The National Depository of Ukraine signed an agreement on cooperation with the Central Depository of Poland (KDPW) to establish correspondent relations for “delivery of securities without paymen... #BondSalesUkraine #PolandDepository #UkraineBond
The US will demand a discount for Ukraine for using loans from the IMF. The US defense budget obliges the US government representatives in international development banks, including the IMF where the US is the largest shareholder, to promote changes in these bank’s polici... #IMFloans #LoansForUkraine #ukrainedebt
The last month of the year brought record revenues to the state budget of Ukraine. December 2022 brought two records in Ukraine’s history at once, foreign aid to Ukraine and the state budget’s total monthly funding amount for a month, the parliamentary finance committee reported. In... #financialaidforUkraine #StateBUdgetRevenue #UkraineBudget
Ukraine’s state debt has increased by another $4.3B. As of November 30, Ukraine’s state and state-guaranteed debt amounted to UAH 3.929T or $107B, according to the Ministry of Finance. During November, the amount of debt increased in hryvnia equiv... #DanyloHetmantsev #UkraineBudgetDeficit #UkraineStateDebt
Ukraine’s banking system is prepared for a total blackout. At the initiative of the NBU, all systemically important banks united and created a joint banking network called Power Banking. This is a joint network of bank branches throughout Ukraine, which will ... #PowerBanking #UkraineBankingSystem #UkraineBlackout
Since the war, the profits of Ukrainian banks have decreased by more than 80%. During January-October, the gains from Ukrainian banks decreased by more than 80%. According to Opendatabot reports, banks earned only UAH 11B last year, this figure was previously UAH 58B. Of the 67 ... #UkraineBanksProfits #UkrainianBanks
The US has finally approved the budget for 2023 and the allocation of $44.9B for Ukraine. The approved draft budget for $1.7T is financed by the federal government and includes financing of military and economic aid to Ukraine totaling $44.9B. In particular, $19.8B is for armaments and equ... #financialaidforUkraine #USaidforUkraine #USbudget
Since the war began, Ukraine has managed to collect about $32B in macro-financial aid. According to Prime Minister Denys Shmyhal, Ukraine needs $38B next year to cover the budget deficit and another $17B to implement rapid reconstruction projects. He added that the EU promised €18B in m... #DenysShmyhal #financialaidforUkraine #UkraineBudgetDeficit
The IMF will allow the National Bank of Ukraine to print UAH 50B if needed. In case of a shortage of external financing at the beginning of 2023, the NBU can buy up to UAH 50B of domestic state loan bonds, according to the IMF’s materials on its monitoring program with ... #nbu #UkraineBond #UkraineBudgetDeficit
Ukraine expects to sign a memorandum on a new macro-finance agreement with the EU by the end of the year. Ukraine expects to sign a memorandum by the end of 2022 on the provision of €18B in macro-financial assistance from the European Union in 2023, Prime Minister Denys Shmyhal said. There are conditions... #DenysShmyhal #EUandUkraine #EUfinancialAid #UkraineBudgetDeficit
In 2023, Ukraine may receive $55-$60B in aid from international partners. This includes macro-financial support, support for the rapid restoration of the energy and transport infrastructure, support for the private sector (for the purchase of fuel for sowing), and humanitar... #financialaidforUkraine #InvestmentsinUkraine #RomanKachur #UkraineRecovery
The IMF financing program for Ukraine may start in March. This forecast was made by the Deputy Director of the IMF, Vladyslav Rashkovan. Rashkovan added that this program will become part of the reconstruction process and help build a “microfinance fra... #FinancialProgramUkraine #IMFprogramforUkraine #VladyslavRashkovan
The US will allocate $44.9B to Ukraine and its NATO allies. The US Congress has received a 2023 state financing bill for $1.7T, compared to the $1.5T allocated last year. Of which $44.9B is to be allocated for Ukraine and the US’ NATO allies, the Washington Po... #JoeBiden #NATOaidforUkraine #USdefenseBudget
The IMF approves Ukraine’s monitoring program. Based on macroeconomic parameters agreed upon with the IMF, the four-month monitoring program will outline the direction for the fiscal and monetary policies of the Government of Ukraine and the Natio... #FinancialStabilityUkraine #imf #IMFprogramforUkraine
Ukraine has managed to reduce its public and private debts. During the third quarter of 2022, Ukraine’s gross external debt decreased by $4.3B to $124.2B. Compared to the beginning of the year, the deficit has fallen by $5.5B. At the same time, according to th... #nbu #ukrainedebt #UkraineGDP
The National Bank has bought government bonds for the entire agreed upon amount for this year. The National Bank of Ukraine issued another UAH 15B by purchasing government bonds. In this way, the NBU bought government bonds for the entire agreed amount this year, which totals UAH 400B, reported... #nbu #ukrainebonds #Ukrainemilitarybonds
The National Bank of Ukraine might allow key policy rate reduction in 2023. The members of the Monetary Policy Committee of the NBU, for the fourth time in a row, unanimously spoke in favor of maintaining the discount rate at the level at 25%, while several members supported... #FinancialStabilityUkraine #KeyPolicyRate #nbu #UkraineEconomy
The WB creates a multi-donor trust fund to support Ukraine. On December 16, the World Bank announced the creation of a multi-donor trust fund to support the Ukrainian government in measures that will ensure the state’s critical needs in the current cond... #trustfundforUkraine #UkraineRecovery #WorldBankFunding
The IFC will provide $2B in finances for Ukrainian businesses. The Board of Directors of the International Finance Corporation (IFC), which is part of the World Bank, has supported a $2B financing program for Ukrainian businesses, Ukraine’s Economy Minister... #GrantsForBusiness #ifc #ukrainianbusiness #YuliyaSvyridenko
The National Bank names the key parameters to ensure Ukraine’s financial stability. Uninterrupted operation of the financial sector, support for crediting of working enterprises, and measures to strengthen monetary transmission are key areas of focus for maintaining financial stabil... #FinancialStabilityUkraine #nbu #PowerBanking
The amount of cash in the hands of Ukrainians has increased by $10B. According to the National Bank, during March-October 2022, the amount of foreign currency outside the banking system increased by $8.1B, and according to the results of the first 10 months of 2022, by... #CashCurrency #nbu
The EU agrees on an €18B Ukraine aid package after Hungary drops its opposition. EU member states have approved plans to provide an €18B aid package for Ukraine in 2023 after Hungary dropped its opposition in return for funding from the EU, reported CNN. Hungary had initially bloc... #EUfinancialAid #HungaryVeto #UrsulavonderLeyen
The Ministry of Finance has attracted UAH 14B from military bonds for the budget. On December 13, the Ministry of Finance attracted UAH 14.05B to the state budget at auctions for the sale of military bonds. According to the Ministry of Finance, the Ukrainian government attracted UA... #UkraineBondssale #Ukrainemilitarybonds #UkraineStateBudget
Despite Hungary blocking the aid package, the EU has agreed to allocate €18B to Ukraine. The proposal was approved on December 10 and will be presented to the European Parliament for possible approval next week. The package provides for a structural decision on financial support for Ukrai... #EUaidforUkraine #financialaidforUkraine #HungaryVeto
The National Bank of Ukraine keeps the key policy rate at 25%. Ukraine’s central bank kept borrowing costs unchanged at 25% even as a barrage of Russian missile attacks have further imperiled the economic outlook. “An extended full-scale war by Russia and escala... #KeyPolicyRate #nbu #UkraineEconomy
Ukraine’s international reserves exceed the pre-war level. As of December 1, Ukraine’s international reserves amounted to $27.95B and exceeded their level at the beginning of the war, which was $27.4B. In November, reserves increased by 10.7% due to an ... #nbu #NBUreserves2022 #Ukraineinternationalreserves
Europe has passed the US in terms of aid commitments to Ukraine. This has happened for the first time since the beginning of the full-scale war. According to a study by the Kiel Institute of World Economy (IfW), EU countries and institutions have committed to provi... #EUaidforUkraine #SupportUkraine #USfinancionaidforUkraine
The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid. As the President of the EBRD, Odile Renaud-Basso said, the US contributed $500M to the Fund for Crisis Response to the War in Ukraine, adding to the €1.4B in donor support. Norway, which provided €200... #EBRDaidforUkraine #financialaidforUkraine #OdileRenaudBasso
The EU allocates €533M for interregional programs for Ukraine and Moldova. The European Commission has approved four new programs with the participation of 10 member states, Ukraine, and Moldova, in the amount of €533M. The EC website says that the programs aim to develop cr... #EUaidforUkraine #EUsupportforUkraine #InterregionalProgramforUkraine
The Council of Europe Development Bank will increase capital to help Ukraine. The governments of the Council of Europe Development Bank’s (CEB) shareholders, the largest of which are France, Germany, and Italy, have agreed to increase its capital by €4.25 billion, includi... #CEB #InvestmentsinUkraine
The UN plans to provide $5.7B in aid to war-affected Ukrainians in 2023. 13.6 million war-affected Ukrainians have already received UN aid, and a total of $5.7B has been requested for Ukraine’s needs next year, the UN reported. In total, a record $51.5B needs to be raised ... #MartinGriffiths #UNaidForUkraine #UNemergencyAid
In the third quarter, the banking sector of Ukraine showed a profit of UAH12B. This profit compensated for the losses of the year’s first half, so the financial result for nine months is a net positive UAH 7.4B. The reason for the NBU’s profitability was high operational e... #nbu #UkraineBankingSector #UkraineBanksProfits
The Ministry of Finance elevated rates and raised UAH 21B from military bonds. As the ministry reported, UAH 3.25B was raised from the placement of 6-month military bonds at 14%. UAH 255M was received from the placement of 1-year bonds, with the rate increased from 14% to 16% pe... #nbu #UkraineBond #Ukrainemilitarybonds
Ukraine’s national debt has increased to UAH 3.77T. The national debt of Ukraine for October 2022 increased by UAH 183.5B and, at the end of the month, amounted to UAH 3.771T, said Danylo Hetmantsev, head of the Verkhovna Rada Committee on Finance. In ... #DanyloHetmantsev #UkraineGDP #UkraineNationalDebt
The EBRD will provide Ukrenergo with €372M to repair energy facilities. The European Bank for Reconstruction and Development (EBRD) has approved a financing package that will provide €372M to support Ukraine’s electricity transmission company, Ukrenergo, in making swift ... #EBRDfinancing #EnergyFacilitiesRepair #UkraineENergySystem #Ukrenergo
The US allocates an additional $4.5B of financial aid for Ukraine. Secretary of the Treasury Janet L. Yellen issued the following statement on the disbursement of $4.5B in direct budget support for Ukraine: “Today, the United States continued to uphold its unwaverin... #JanetYellen #USfinancionaidforUkraine
Ukraine has received $60M from the World Bank. Ukraine received $60M from the World Bank, which will be directed to state budget expenditures, and will ensure the remuneration of state employees and budget-funded educational institutions, both at... #financialaidforUkraine #worldbank #WorldBankAid
The Ministry of Finance has increased the rate for military bonds to 19.25%. At the auction on Tuesday, November 22, the Ministry of Finance raised UAH 1.18B from the placement of military bonds. The rate on hryvnia 2-year securities increased to 19.25%, reported the Ministry... #MilitaryBondRates #Ukrainemilitarybonds #UkraineMinistryOfFinance
