en
en

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

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.

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.

“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.