externalfinancing
Ukraine requires $9.5 billion for rapid recovery this year, namely in the defense industry, energy, housing, agriculture, natural resources, and the IT sector, the Finance Ministry said on June 20. The material costs of Russia's full-scale invasion of Ukraine continue to grow as Moscow's forces regularly strike the country's cities and infrastructure with missiles and drones. A report developed by the government and international partners said Ukraine would need $15.3 billion for recovery needs in 2024, of which part has already been financed from the state budget and by donors, pushing down t...
Kyiv Independent (CA)
The following is the April 2, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion and the start of Ukraine's independence, Prime Minister Denys Shmyhal said on March 29. Ukraine received more than $9 billion in financial aid in March, including 4.5 billion euros ($4.9 billion) from the European Union through its four-year Ukraine Facility, $1.5 billion in loans fr...
Kyiv Independent (CA)
Ukraine will receive a $1.5 billion loan through the World Bank under its Growth Foundations Development Policy Loan (DPL) program, Ukraine's Finance Ministry announced on March 26. Funding totaling $1.5 billion, backed by guarantees from Japan and the United Kingdom, will be provided through the World Bank Trust Fund (ADVANCE Ukraine). In total, Japan will guarantee $984 million, and the United Kingdom will guarantee $516 million. Ukraine will receive the loan by the end of March, the news release noted. Ukraine's Finance Minister Serhii Marchenko emphasized the crucial support of the World B...
Kyiv Independent (CA)
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