April 6, 2023
1 min read

War-torn Ukraine in dire need of money

Ukraine plans to collect part of the money through the Multi-Agency Donor Coordination Platform….reports Asian Lite News

Amid Russia’s full scale invasion of Kiev, Ukraine needs about $14.1 billion this year to implement rapid recovery in war-affected areas, the Finance Ministry said.

Out of the amount, some $3.3 billion has been allocated from the state budget, and the government hopes to raise the remaining funds from donors and the private sector, Xinhua news agency quoted the Ministry as saying in a statement.

According to the statement, Ukraine plans to collect part of the money through the Multi-Agency Donor Coordination Platform.

This year, the government will focus on rapid recovery in such areas as energy infrastructure, humanitarian demining, and restoration of damaged housing.

The reconstruction of critical and social infrastructure, and support for small and medium-sized businesses are also among government priorities.

Launched on January 26, the Multi-Agency Donor Coordination Platform is aimed at coordinating existing and new mechanisms to support Ukraine’s budget, as well as rapid recovery and reconstruction, according to the statement.

ALSO READ: US to provide Ukraine with $2.6 bn military aid

Previous Story

Robert F. Kennedy Jr. challenging Biden in 2024

Next Story

Breather for Pakistan as Saudi signals $2b funding

Latest from -Top News

Texas flash floods kill at least 24; Trump vows help

President calls tragedy ‘shocking’ as search for missing continues overnight At least 24 people have died in Kerr County, Texas, after catastrophic flooding swept through the region, prompting a large-scale rescue and

UK MPs Slam Pakistan Over Minority Abuses

Minority communities such as Shias, Christians, Hindus, and Ahmadis continue to face harassment, violence, and intimidation. In many cases, law enforcement either turns a blind eye or enables the attacks through inaction…reports

Words Won’t Stop China, Quad Must Deliver

 If the Quad aims to counterbalance China’s growing influence, it must expand its focus beyond the maritime domain and address the continental dynamics of the Indo-Pacific…writes Imran Khurshid Despite early concerns that
Go toTop

Don't Miss

NATO has no plans to send troops to Ukraine, says Stoltenberg

French President Emmanuel Macron said Monday that sending Western troops

Peace deal must not “sell out Ukraine”, says Truss

Truss said any long-term deal needed to include “a clear