Ukraine needs an external financing plan until 2027.

Thursday, June 6, 2024
Ukraine needs an external financing plan until 2027.

To overcome macroeconomic risks and maintain macroeconomic stability, Ukraine and its partners from the Donor Coordination Platform must develop a long-term strategy for external financing and support for reforms until 2027, according to a joint report from the Ministry of Economy and the Ministry of Finance.

In addition, it is essential to facilitate a faster recovery by removing the main constraints – ensuring air defense, meeting energy needs, ensuring stable and predictable access to foreign markets, overcoming labor shortages, restoring critical logistics, and accessing EU funds.

At the same time, it is a priority to expand growth potential by complementing the necessary structural reforms with commitments from investment partners and transferring technologies that will increase productivity and capital accumulation.

While external donors will continue to be an essential source of funding, there is a need for greater independence in generating tax and non-tax revenues to finance the budget for defense-related needs.

 

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