July 28, 2023
1 min read

Ukraine requires $37 bn in external financing next year

The official stressed the need for Ukraine to continue its cooperation with the International Monetary Fund and other foreign partners to obtain the aid…reports Asian Lite News

Andriy Pyshnyy, Chairman of the National Bank of Ukraine (NBU), said that Ukraine will require at least $37 billion in external financing next year due to high expenditures on defence.

“International support will remain very important for maintaining macrofinancial stability in the coming years,” Pyshnyy was quoted as saying by the bank’s press service on Thursday.

The official stressed the need for Ukraine to continue its cooperation with the International Monetary Fund and other foreign partners to obtain the aid.

Pyshnyy informed that since the beginning of this year, Ukraine received about $27 billion in international assistance, which allowed it to boost foreign reserves to an all-time high of $39 billion at the end of June.

At the end of this year, international assistance for Ukraine is expected to reach $42 billion, Pyshnyy said.

ALSO READ-New Delhi to continue grain aid to poorer nations amid Ukraine war

Previous Story

Putin promises no-cost Russian grain shipments to 6 African countries

Next Story

Wagner chief Prigozhin seen in Russia for first time since failed mutiny

Latest from -Top News

India fast-tracks FTAs as US drags feet

As India cements its position as a global trading force with a flurry of new free trade agreements, including a landmark pact with the United Kingdom, negotiations with the United States continue

Hamas Reiterates Peace Effort After U.S. Jab

Hamas Reaffirms Commitment to Ceasefire Talks After U.S. Criticism…reports Asian Lite News Hamas on Friday reiterated its commitment to the ongoing ceasefire negotiations, responding to remarks by U.S. Special Envoy to the
Go toTop

Don't Miss

Ukraine crisis may have global consequences if West fails: Boris Johnson

Analysts have said China is paying close attention to how

Ukraine tops agenda as EU foreign ministers meet

Borrell met Wang at the Munich Security Conference over the