Foreign aid is crucial for Ukraine as the economic pressure caused by the full-scale Russian invasion mounts. The besieged country received $42.5 billion in external financing last year, allowing it to function amid the ongoing war.
Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion.
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
President Volodymyr Zelensky thanked the Japanese prime minister for more than $12 billion in assistance that Tokyo has already provided since the start of the full-scale war, in addition to further support pledged for 2024.
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.
The disbursal was the third such tranche of the Extended Fund Facility (EFF), bringing the total distributed so far to $5.4 billion.
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Ukraine's budget struggles with low amounts of foreign aid in 2024 Ukraine's state budget financing needs compared with foreign budget
