Another $17B needed this year for Ukraine’s rapid recovery this year - PM

Another $17B needed this year for Ukraine’s rapid recovery this year - PM

This year, Ukraine needs another $17 billion for the rapid reconstruction of energy, critical, and housing infrastructure, as well as economic recovery.

This was announced by Prime Minister Denys Shmyhal during a government meeting, Ukrinform reports.

"At the same time, Ukraine needs another $17 billion this year to achieve rapid recovery. It is about the reconstruction of the energy industry, people's homes, humanitarian demining, critical infrastructure, and restoration of the economy," Shmyhal said.

Video: Telegram channel of the Prime Minister of Ukraine

Shmyhal recalled that Japan has already announced financial assistance to Ukraine in the amount of $5.5 billion for the reconstruction of infrastructure, and the Norwegian government – a multi-year support program worth EUR 7.5 billion, which will be directed to the military, economic, and humanitarian spheres.

Read also: Ukraine expects to receive from U.S. first tranche of almost $10B as soon as possible - PM Shmyhal

"Such steps of solidarity demonstrate a new strategic approach to supporting Ukraine. All this foreign aid and support will be converted into a stronger and more stable Ukraine," the head of government added.

As reported, on February 20, Prime Minister Denys Shmyhal held a meeting with the International Monetary Fund Governor, Kristalina Georgieva, and the Fund’s team, and announced that Ukraine expects to launch a new program worth over $15 billion.

Photo: Cabinet of Ministers of Ukraine

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