International assistance to Ukraine will exceed $31B by year-end - NBU

International assistance to Ukraine will exceed $31B by year-end - NBU

According to forecasts of the National Bank of Ukraine (NBU), the amount of international aid to Ukraine will exceed $31 billion by the end of the year.

NBU Governor Andriy Pyshnyy said this at a briefing on Thursday, an Ukrinform correspondent reports.

“International financial assistance to Ukraine considerably increased in H2 2022. It is projected to exceed USD 31 billion by the end of the year,” Pyshnyy said.

He noted that international financial assistance needed to finance the budget deficit and restore the economy would continue to come in 2023 as well.

“More specifically, the European Union and the Unites States have already announced their preliminary intentions to provide Ukraine with EUR 18 billion and about USD 10 billion respectively,” Pyshnyy said.

He reminded that the NBU made some progress in negotiating with the IMF a new monitoring program involving the IMF Executive Board. The complete approval of this program will contribute to attracting funding from other international donors in 2023.

Read also: NBU leaves key policy rate at 25%

The NBU expects that an Extended Fund Facility will be approved for Ukraine after the monitoring program expires.

As reported, the International Monetary Fund has been supporting Ukraine since the beginning of the full-scale invasion. In March 2022, Ukraine received $1.4 billion under the Rapid Financing Instrument (RFI). In October 2022, Ukraine got $1.3 billion in additional emergency funding from the IMF.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2023 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: