International partners and allies have provided the country with about $20 billion in various instruments, Denis Shmygal notedKIEV, October 12.
/tass/. Assistance to Ukraine from international partners accounts for more than a third of Ukrainian budget revenues. This was stated on Wednesday by Ukrainian Prime Minister Denis Shmygal, speaking via video link at a meeting of the second round table on the situation in Ukraine, organized by the International Monetary Fund (IMF) and the World Bank (WB).
"Over the last seven months of the war, you, our international partners and allies, have provided us with about $20 billion in various instruments. This is more than a third of all budget revenues," Shmygal said.
"A recent World Bank report estimates at $350 billion the needs for the reconstruction of Ukraine, which is almost twice as much as the GDP of our country last year," the prime minister said. "It is already clear that the restoration is impossible without the participation of our international partners. We also want to be able to finance the key expenditure items of our budget," he added.
Shmygal noted that, according to the World Bank forecast, Russia's GDP will decrease by 4.5% this year, while Ukraine's GDP will decrease by 35%. "2023 [year] will be the same extremely difficult for us, for the stability of our economy and finances. Ukraine will continue to need strong financial support from partner countries and international financial institutions. We are talking about an amount of more than $55 billion in 2023," the Prime Minister of Ukraine said.
Earlier on Wednesday, Ukrainian President Volodymyr Zelensky, speaking via video link at a round table of the IMF and the World Bank, said that his country will need $38 billion next year to cover the budget deficit, as well as another $17 billion for urgent infrastructure reconstruction projects. Zelensky also additionally requested $2 billion for the restoration of the electric power infrastructure and loan guarantees for $5 billion for the purchase of gas and coal for the next heating season.
