The IMF Executive Board discussed Program Monitoring with Board involvement (PMB) for Ukraine. It is designed to help Ukraine maintain stability and catalyze donor financing. “The 4-month PMB, which has been approved by IMF Management, is designed to help Ukraine maintain stability and catalyze donor financing amid very large balance of payment needs and exceptionally…
Ukraine’s nuclear power plants, except for the Zaporizhzhia NPP, reached their planned capacity, Ukrenergo, Ukraine’s electricity transmission system operator, said in a post on Facebook. “As of December 18, the process of restoring the energy system operation is underway. Nuclear power plants have reached their planned capacity. The exception is the occupied Zaporizhzhia NPP that…
On December 18, power supply was restored to another 3 million Ukrainians. In total, after the Russian recent missile attack, electricity had been restored to nine million residents of Ukraine. President Volodymyr Zelensky said this in a nightly video address to the nation. “Power was restored to another three million Ukrainians. Plus six million yesterday.…
U.S. Ambassador to Ukraine Bridget Brink has confirmed the first delivery of emergency repair equipment from the United States. “Grateful for the work of Ukraine’s air defense amid more escalatory Russian attacks this morning on civilian infrastructure in Kyiv and around the country. First U.S. shipment of emergency repair equipment has already arrived – Ukraine…
The government has offered small and medium-sized businesses a number of support programs to help restore losses caused by the war. This was stated by Deputy Minister of Economy of Ukraine Tetyana Berezhna during a speech at the Interregional Business Forum in Ivano-Frankivsk. “Ukrainian business has shown great resilience during the war and the Government…
The leadership of the European Union Funds Audit Department (AFCOS, OLAF Contact Point in Latvia) of the Ministry of Finance of the Republic of Latvia conducted a training for the staff of the Economic Security Bureau of Ukraine (ESBU). The topic of the training was “Institutional and legal framework for the protection of EU finances”.…
VAT revenues of the state budget increased by 40% compared to the first months of the full-scale war. This was stated by the Minister of Finance of Ukraine Sergii Marchenko in an interview with The Economist. “Despite systematic missile attacks by russia and blackouts, Ukraine’s economy continues to operate. Domestic consumption is growing, and international…