Ukraine needs immediate funding of up to $65B.
Wednesday, July 6, 2022
Ukraine has indicated it needs up to $65B this year to meet its funding requirements, billions more than its allies have so far been able to pledge, reported Bloomberg. This amount includes macro-financial stability assistance for emergency budget funding and logistic infrastructure projects. The figure, which excludes defense and security spending, is part of a larger blueprint for the nation’s longer-term reconstruction, which is estimated to exceed $750B and was unveiled at a conference in Lugano, Switzerland.