PM Shmyhal: Broad coalition of countries guarantees Ukraine financial support

PM Shmyhal: Broad coalition of countries guarantees Ukraine financial support

A broad coalition of partners, not just individual countries, is ready to guarantee Ukraine financial support amid the war to meet the current needs of the Ukrainian economy.

Prime Minister of Ukraine Denys Shmyhal made a corresponding statement during his visit to Washington, an Ukrinform correspondent reports.

“The United States, Canada, the European Union and many other countries, I will not list them all. There are preliminary agreements on participation in this process with them,” the Prime Minister said, answering Ukrinform's question about the partners ready to act as donors to replenish the administrative account of the IMF and other financial platforms for Ukraine.

Shmyhal stressed that many countries have already contributed and continue to finance at various scales, "from 22 million euros to billions of dollars." Therefore, according to him, international support is real and already stands at about $4.8 billion.

The Head of Government explained that two important instruments are currently in place for this purpose – IMF’s special administrative account and World Bank’s trust fund. Further, they will be merged – in agreement with international partners – into a fund managed by Ukraine and verified by international financial institutions.

"This is a complex structure and much money. These countries support us, I can assure you, and will continue to support us. We have already agreed on that," the Prime Minister said.

As reported, the Ukrainian government delegation led by PM Shmyhal makes a visit to Washington and holds meetings with the representatives of the IMF, the World Bank, other organizations, and U.S. government agencies.


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