Ukraine has come close to an agreement with the IMF on a new $900M tranche. Bloomberg reports that Ukraine has reached a deal with the IMF, though the Fund’s executive board still needs to ratify it. The agreement is the result of the ongoing discussions over the past t... #financialaidforUkraine #imf #nbu #UkraineBudget2024 #UScongress
Last year, Ukraine’s national debt increased by $33.9B, most of which was preferential financing from international partners. As specified by the Ministry of Finance, as of December 31, 2023, Ukraine’s state and state-guaranteed amounted to $145.3B, which is comprised of external debt – $101.7B (69.99% of the total amo... #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #ukrainedebt
Investment company Dragon Capital has updated its forecast for Ukraine’s economy. The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will ... #DragonCapital #financialaidforUkraine #GDPinUkraine #InflationinUkraine #TomasFiala #UkraineEconomy
Western aid to Ukraine exceeds the Marshall Plan. The head of the EBRD, Odile Renaud-Basso, in response to criticism, called the support of Ukraine from the West “huge” in terms of the share of support from GDP, and points out that it ove... #ebrd #EUbudget #financialaidforUkraine #OdileRenaudBasso #SupportUkraine #UkraineFacility
Without help from the US, Ukraine will have to expand its borrowing: What else is foreseen in Ukraine’s Plan B? Ukraine is working on a plan to cover the budget deficit without US support. The plan includes three elements: expanding domestic bond sales, raising taxes, and cutting spending. It is to be proposed ... #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomy #UkraineFacility
The US Senate has been presented with a bill containing $60.1B in aid for Ukraine. The US Senate released a $118B bipartisan proposal for aid to Israel, Ukraine, and enhanced border security. The document provides the following: $60.1B —aid to Ukraine $14.1B — aid to Israel $22.2B —... #ChuckSchumer #financialaidforUkraine #MikeJohnson #UkraineBudget2024 #USaidforUkraine #USsenate
ICU analysts explain what exactly ensured the growth of Ukraine’s economy by 5% last year. Ukrainian GDP growth of almost 5% resulted from stabilization following the previous year’s drop of 29.1%, ICU group analyst Vitaly Vavryshchuk said. “Additional investments or infrastructure pr... #BlackSeaCorridor #financialaidforUkraine #ICU #UkraineBudget #UkraineEconomy #VitalyVavryshchuk
The lack of EU and US financial aid puts Ukraine’s economy at risk. Without €50B in aid from the EU and additional funding from the US, Ukraine will not be able to keep fighting against Russia or sustain its damaged economy for long. “This is critical for us bec... #DanyloHetmantsev #financialaidforUkraine #MariaRepko #UkraineEconomy #UkraineFacility
Ukraine’s national debt grew 30.4% last year to a new historical high. As of December 31, 2023, the state’s and state-guaranteed debt amounted to ₴5.519T, or $145.32B, reported the Ministry of Finance. The ratio of national debt to GDP was 85%. State and state-guaranteed... #DanyloHetmantsev #financialaidforUkraine #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy
Eurobond prices are up amid lingering uncertainty about US aid. According to ICU, Ukrainian Eurobond prices rose last week in response to the anticipated approval of the EU aid package for Ukraine, while assistance from the US is still uncertain. Last Tuesday ende... #EFFprogram #financeUkraine #financialaidforUkraine #UkraineSecurities #Єврооблігації
The US and the EU insist on providing financial aid to Ukraine as soon as possible. As US Secretary of State Antony Blinken has noted, the lack of additional funding from the States will be a problem for Ukraine, the US, and the world. “Of the money we are asking for, $50B will be sp... #AnthonyBlinken #financialaidforUkraine #PennyPritzker #SupportUkraine #ValdisDombrovskis
The EBRD calls for continued financial support for Ukraine and will invest up to €15B. Ukraine needs financial and military support so that Kyiv does not return to printing money to keep its economy afloat, EBRD Chief Economist Beata Javorcik said. According to her, the economic situati... #BeataJavorcik #ebrd #financialaidforUkraine #SupportUkraine #UrsulavonderLeyen
Ukraine has significantly reduced the need for external financing and plans to increase its weapon production. Ukraine’s foreign funding needs in 2024 will amount to more than $37B, said Prime Minister of Ukraine Denys Shmyhal. According to him, in 2023 Ukraine attracted $42.6B in external financing, 27%... #DefenseIndustryUkraine #DenysShmyhal #financialaidforUkraine #UkraineBudget2024 #WeaponsProduction
The government approves the EU’s €50B Ukraine Facility plan. The Ukrainian government has approved a draft of the Ukraine Facility plan, according to which Ukraine should receive a €50B package of support from the EU that will be delivered during 2024-2027, Pri... #DenysShmyhal #EUsummit #financialaidforUkraine #SupportUkraine #UkraineFacility
The IMF says it will help Ukraine attract additional revenues to its budget. The IMF is focused on supporting the work of the Ukrainian state and its social obligations, and not on the military sphere, said Alfred Kemmer, director of the European Department of the IMF. “... #AlfredKemmer #financialaidforUkraine #imf #UkraineBudget2024 #UkraineEconomy
The EU is developing a €20B contingency plan to finance Ukraine in 2024. An alternative scheme has emerged that involves member states providing guarantees to the EU budget, which would allow the European Commission to borrow up to €20B on the capital markets for Kyiv next... #EUfinancialAid #financialaidforUkraine #HungaryVeto #SupportUkraine #UkraineFacility
The Minister of Finance summarized this year’s budget financing and outlined the prospects for the following years. In 2023, Ukraine attracted $42B through external financing just to cover budget needs and support a record amount of borrowing on the domestic market, Minister of Finance Serhiy Marchenko said. This a... #financialaidforUkraine #SerhiyMarchenko #UkraineBudget2024 #UkraineEconomy #UkraineFacility
Ukraine launches Plan B due to delayed funding from Western allies. Finance Minister Serhii Marchenko noted that the ministry is confident of receiving Western aid in 2024 but not in January and February. The EU will consider financial assistance for Ukraine on Februa... #financeUkraine #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineBudget2024
Ukraine received the last part of micro-financial aid from the EU for this year and €20M to support startups. What other help have international partners provided? The EU has sent the last €1.5B to Ukraine as part of the macro-financial aid package for 2023. The European Innovation Council will allocate €20M to support Ukrainian Deep Tech developments.About 200 ... #EUfinancialAid #financialaidforUkraine #GrantsForStartups #HOPEproject #SupportUkraine
Ukraine announced a $4B reduction in external financing needs for 2024. The government of Ukraine reduced the amount from $41B to $37.3B, Minister of Finance Serhii Marchenko said during a meeting of the financial leaders from the G7 countries, EU leadership, the IMF, and... #financialaidforUkraine #SerhiyMarchenko #UkraineBudget2024 #Zelenskyy
The IMF is concerned about Ukraine’s delayed financial assistance. The head of the IMF, Kristalina Georgieva, believes the West should provide financial aid to Ukraine as soon as possible. In her opinion, Ukraine can cope with the likely short-term financing deficit ... #DanyloHetmantsev #financialaidforUkraine #imf #KristalinaGeorgieva #UkraineBudget2024 #UkraineBudgetDeficit
What kind of aid did Ukraine’s allies allocate last week? USAID is increasing the total funding of a grant program to support the innovative transformation and development of Ukrainian enterprises to $11M. About 75 grants will now be provided within the prog... #ebrd #financialaidforUkraine #GrantsforUkraine #KfW #UrsulavonderLeyen #USAID #worldbank
This week, the US Senate will consider a bill to aid to Ukraine. The leader of the Democratic majority in the US Senate, Chuck Schumer, announced that the vote on the budget request from the Biden administration, which includes $60B in spending items related to sup... #ChuckSchumer #financialaidforUkraine #SupportUkraine #USMexicoBorder #USsenate #WarinUkraine
The Fitch agency is convinced that international financial support for Ukraine will not weaken in 2024. International agency Fitch Ratings expects that international aid to Ukraine for 2024 will be only slightly lower than the amount forecasted for 2023, $43B, despite the political risks associated with... #DragonCapital #EFFprogram #financialaidforUkraine #FitchRatings #UkraineBudget #UkraineFacility
EU budget disputes put Ukraine at risk of never receiving €50B in crucial aid. Disagreements within the EU regarding the budget have put the provision of €50B over four years to Ukraine at risk; this issue should be decided at the summit on December 14-15. According to the FT, E... #EUbudget #EUfinancialAid #financialaidforUkraine #SupportUkraine #UkraineFacility
Here is the financial assistance Ukraine received last week from its allies: The UK will contribute £20M to the Trust Fund for the Support of the Reconstruction and Economy of Ukraine (SURE), launched by MIGA. This contribution will reduce project risks and attract much-needed... #financialaidforUkraine #GrainfromUkraine #KfW #MIGA #SURE #worldbank
The receipt of international aid lags behind the needs of the Ukrainian budget. The head of a specialized parliament committee, Danylo Hetmantsev reported that $37.43B was received from international partners to finance state budget expenditures this year, including $2B in Novemb... #DanyloHetmantsev #financialaidforUkraine #SupportUkraine #UkraineBudget #UkraineBudgetDeficit
Ukraine has a backup plan for a lack of financial assistance from the West. With uncertainty surrounding financial assistance from the US and the EU for the 2024 state budget, Ukraine is working on preparing a plan B, analysts say. They believe that with a reduction in extern... #financialaidforUkraine #SupportUkraine #UkraineBudget2024 #UkraineEconomy
What financial and military assistance can Ukraine rely on in 2024? The US will remain Ukraine’s leading donor, but the situation is most uncertain. In October, President Joe Biden suggested that Congress approve funding for Israel, Ukraine, and other security needs i... #financialaidforUkraine #MilitaryAidforUkraine #SupportUkraine #WarinUkraine
Ukraine will receive almost ₴10B in additional aid from partners. According to Prime Minister Denys Shmyhal, Norway will provide $190M, and $70M will be allocated by Switzerland for aid to Ukraine. These grants will be provided through funds administered by the Worl... #DenysShmyhal #financialaidforUkraine #GrantsforUkraine #SupportUkraine #worldbank
By the end of the year, Ukraine needs to attract more than $9B in international aid, which will decrease in 2024-2025. The amount of international financial aid that Ukraine has received this year will exceed $45B, but in the next two years it will gradually decrease to $38.5B and $25B, respectively, the NBU predicts.... #financialaidforUkraine #imf #nbu #SupportUkraine #UkraineBudget
Without international financial support, Ukraine will face a $29B budget deficit next year, and the EU will also suffer. The Ukrainian Minister of Finance, Serhiy Marchenko, emphasized the importance of maintaining macroeconomic stability because Ukraine may also face an economic crisis and additional military conflict.... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineBudget #UkraineBudgetDeficit #UkraineFacility
In September, Ukraine attracted $2.8B in grants and preferential financing from its international partners. Grant funds comprised more than 40% of the total volume of financial assistance. Among the donors in October 2023 were the EU with $1.6B (concessional financing) and the US with $1.15B (grant). Funds ... #financialaidforUkraine #GrantsforUkraine #PeaceInUkraine #SupportUkraine #UkraineBudget
The EBRD names the key condition for providing Ukraine with financial support for its recovery by international donors. According to EBRD Director for Eastern Europe Matteo Patrone, state-owned enterprises will be the primary recipients of funding for recovery, so it is essential for Ukraine to complete its corporate g... #ebrd #financialaidforUkraine #MatteoPatrone #OECD #UkraineRecovery
The European Commission’s proposal to increase the common budget by €100B for 2021-2027 was resisted by EU members. According to the FT, half of the total amount, €17B in grants and €33B in loans, is intended for Ukraine. There is almost unanimous agreement within the bloc on this matter, although some countries ha... #EUbudget #EuropeanCommission #financialaidforUkraine #UkraineBudget
The government has presented the first details of the €50B Ukraine Plan from the EU. On October 26, the Ukrainian Parliament reported that most of the money from the plan, €39B, is directed to the Plan of Ukraine. Another €8B is Investment Fund, and €3B is for Technical and Administra... #EUprogramForUkraine #financialaidforUkraine #UkraineFacility
The flow of foreign currency to Ukraine is decreasing, increasing risk for the hryvnia. Over the past few months, currency inflows to Ukraine have significantly decreased, which is explained by two factors: the deficit of foreign trade and the reduction of financial aid from partner coun... #financeUkraine #financialaidforUkraine #foreigncurrency #Hryvnia #UkraineForeignTrade
Where is Ukraine’s revenue coming from this year? The primary sources of funding for Ukraine’s 2023 state budget are Ukraine’s international partners, former members of the National Bank Council Bohdan Danylyshyn said, based on data from the Mi... #BohdanDanylyshyn #financialaidforUkraine #UkraineBond #UkraineBudget
Germany wants to obtain permanent financial support for Ukraine from the EU. Federal Chancellor Olaf Scholz promised to work on ensuring that by the end of the year, the EU adopts concrete decisions to ensure stable support for Ukraine in the coming years, referring to the Dec... #DenysShmyhal #EUfinancialAid #EUsupportforUkraine #financialaidforUkraine #OlafScholz
A preliminary version of the €50B Ukraine Plan will be presented in November. The Ministry of Economy plans to present the first draft of the Ukraine Plan at the beginning of November and prepare the final version for submission to the EU in December as part of the €50B, four-y... #financialaidforUkraine #SupportUkraine #UkraineEU #UkraineFacility
The European Parliament has supported the creation of a €50B Ukrainian Fund. At the plenary session of the European Parliament in Strasbourg, the deputies overwhelmingly supported the proposals for creating the Ukrainian Fund in the first reading. The fund should include €50B ... #EFFprogram #EuropeanParliament #financialaidforUkraine #MichaelGahler #SupportUkraine
The EU is negotiating with Hungary to unblock aid to Ukraine. As Reuters writes, the EU and Hungary expect to agree on financial assistance for Kyiv by the end of November. Hungary’s financing from EU funds can be restored by the end of November, a represe... #EUaidforUkraine #financialaidforUkraine #Hungary
Even after victory, Ukraine will need international aid to survive. As Minister of Finance Serhiy Marchenko said, two fundamental ways to reduce this dependence in Ukraine are increasing economic output and winning the war. “But increasing the domestic market vo... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineEconomy #UkraineRecovery
The EU will provide Ukraine with €4.5B by the end of the year, while Ukraine hopes for another $2.3B from the US. The EU has become Ukraine’s largest donor in 2023, with €13.5B already allocated as part of a macro-financial aid instrument, and expects to provide additional funding for the Ukrainian budget b... #DenysShmyhal #financialaidforUkraine #PaoloGentiloni #SupportUkraine #UkraineBudget
The IMF will allocate $900M to Ukraine at the end of 2023, but there are conditions. IMF Director Kristalina Georgieva stated that this financing will take place under the Enhanced Funding Program (EFF). “In June, we completed the first review of this program, bringing the IMF&#... #EFFprogram #financialaidforUkraine #imf #IMFprogramm #KristalinaGeorgieva
The IMF advises Ukraine to optimize tax collection against a possible decrease in international financial support. As the head of the IMF mission, Gavin Gray, noted, this should be considered because the need to finance social expenditures will increase after the war’s end. “That’s why the author... #financialaidforUkraine #GavinGray #imf #ReformsinUkraine #TaxesUkraine
Ukraine receiving $115B in aid from its partners depends on an IMF program. According to the head of the NBU, Andriy Pyshnyi, implementing the IMF program will provide financial assistance of $15.6B and be critical for obtaining $115B in financing from partners over the next ... #AndriiPyshnyi #financialaidforUkraine #imf #IMFprogramforUkraine #SupportUkraine
This year, the DFC financed three projects in Ukraine for $110M. The cooperation between Ukrainian companies and banks with the American International Development Finance Corporation (DFC), on the one hand, increases the stability of the Ukrainian economy and, on t... #BusinessInvestments #DFC #financialaidforUkraine #InvestmentsinUkraine #YuliyaSvyridenko
The European Parliament approves amendments to the EU budget and supports the allocation of €50B to Ukraine. The European Parliament adopted a resolution in support of the European Commission’s proposals for revising the EU multi-year budget for 2021-2027 and creating a special Ukrainian fund. The reso... #DenysShmyhal #EUbudget #EUparliament #EUprogramForUkraine #financialaidforUkraine
Why did the national debt increase by $1.01B in August, and to whom does the state owe the most? According to the Ministry of Finance, Ukraine’s state and state-guaranteed debt increased by $1.01B in August because the state budget received the seventh tranche of €1.5B of macro-financial as... #EUfinancialAid #financialaidforUkraine #StateDebtUkraine #UkraineBudget #ukrainedebt
