Monday, 12 September 2022, 20:56
The relevant statement was made by the Ukrainian Finance Ministry, an Ukrinform correspondent reports.
“Since the Russian full-scale invasion started, the Ukrainian Finance Ministry has been actively working to raise international funds in order to overcome the consequences of the war. The total amount of concessional financing raised since February 24 is about $18 billion,” the report states.
According to the ministry, the key donors are the United States, Canada, the United Kingdom, Japan, France and Italy.
Ukraine’s funding needs include not only direct budget support but also financing for the reconstruction of thousands of the settlements liberated and the renovation of the roads, bridges, schools and utility systems destroyed.
In the next 18-36 months, in order to meet Ukraine’s urgent needs, it is necessary to raise about $105 billion to make preparations for the upcoming winter period, repair critical transport, provide support for the next sowing campaign, social needs and demining efforts.
“We try to ensure all the priority expenses by attracting mostly concessional financing and grants. The latter are extremely important to us in order not to increase the debt load. The Ukrainian government relies on the support of foreign donors,” the ministry stressed.
A reminder that, before the end of the year, Ukraine expects to receive $12 billion in financing as officially announced.
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