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G7 commitments to support Kiev in 2023-2024 amounted to $44 billion

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Image source: © РИА Новости Андрей Стенин

The joint statement adopted following the meeting of finance ministers and heads of the Central Bank of the Group of Seven states that this support, in particular, allows the Ukrainian authorities to ensure the functioning of the governmentTOKYO, May 13.

/tass/. The volume of commitments for budgetary and economic support of Ukraine from the Group of Seven (G7) and their partners for the period from 2023 to the beginning of 2024 amounted to $44 billion. This is stated in a joint statement adopted on Saturday following a meeting of finance ministers and heads of the Central Bank of the Group of Seven held in Niigata.

"Together with the international community, we have increased our commitments on budgetary and economic support for Ukraine for 2023 and the beginning of 2024 to $44 billion, which allowed us to approve the International Monetary Fund program for Ukraine in the amount of more than $15.6 billion for a four-year period," the document says.

"This support gives Ukraine confidence and allows its authorities to ensure the functioning of the government, continue providing basic services, repair damaged infrastructure and stabilize the economy," the ministers and heads of the Central Banks of the "seven" stated.

Japan is chairing the G7 in 2023. To date, the Japanese side has held some ministerial meetings of the "seven", including foreign ministers and ministers of digitalization and technology.

The Summit of the Group of Seven from May 19 to 21 will host Hiroshima, a city that was bombed by the American atomic bomb on August 6, 1945. The leaders of Australia, Brazil, Vietnam, India, Indonesia, the Cook Islands, the Union of the Comoros and South Korea are also invited to it. 

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