G7 countries increased financial assistance to Ukraine to $44 billion
The “Big Seven” countries (G7) have increased the amount of international obligations for economic and budgetary support of Ukraine for 2023 and the beginning of 2024 increased to $44 billion. .
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“Together with the international community, we have increased our commitments for budgetary and economic support of Ukraine for 2023 and the beginning of 2024 to $44 billion, which allowed us to approve the program of the International Monetary Fund for Ukraine in the amount of $15.6 billion for 4 years,” says the message .
It is noted that this support gives Ukraine confidence and allows the authorities to ensure the functioning of the government, continue the provision of basic services, carry out important repairs of damaged infrastructure and stabilize the economy.
Read also: The IMF plans to conduct the first review of the program for Ukraine in May
“We hope that Ukraine will quickly implement structural reforms within the framework of the IMF-supported program, and the successful completion of program revisions will contribute to macroeconomic and financial stabilization, improved governance and strengthening of institutions, and long-term economic stability and post-war recovery. This will also contribute to further financial support from other countries and institutions, as well as the private sector,” the statement said.
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Source: Ministry of Finance