The joint efforts of state authorities led by President Volodymyr Zelenskyy have made it possible to attract more than $14 billion in external financing from Ukraine’s allies. Ukraine plans to receive another sum worth $12 to $16 billion until the end of the year, Prime Minister Denys Shmyhal has announced during a session of the Government.
“Simultaneously, we engage in negotiations regarding the possibility of launching a new major program with the International Monetary Fund. Also, more than $5 billion will be saved for the budget and Ukrainian citizens thanks to the successful talks that the Government has conducted with external creditors.
Ukraine has postponed the repayment of foreign debts until at least 2024,” the Prime Minister noted.
Denys Shmyhal emphasized that the Government, together with the National Bank, had managed to ensure macroeconomic and macro-financial stability. According to him, credit, tax, regulatory incentives in combination with certain targeted assistance made it possible to maintain control over the economic front.
“As a result, up to now over 80% of enterprises have returned to work. The Government helped more than 600 companies relocate to safe regions, where they resumed production activities,” the Head of Government noted.
Moreover, the Prime Minister emphasized that Ukrainian businesses and Ukrainian citizens demonstrated better awareness than ever and, despite the difficulties, paid taxes, because they knew that in such a way they helped the army and the Ukrainian military. (Government portal/Business World Magazine)
