Ukraine will need $57 billion in 2023 – IMF

The IMF believes that advance financial assistance to Ukraine will help de-escalate tensions early next year.

According to the data of the International Monetary Fund (IMF), Ukraine’s external financing needs will be at least 39.5 billion dollars in 2023 and could reach 57 billion dollars in case of a negative scenario.

“Internal analysis shows that the need for external financial financing will be at least $39.5 billion in the core scenario and could reach $57 billion in the worst-case scenario, given that the (Ukrainian) authorities may not be able to take comprehensive measures. “will help ease tensions in early 2023,” he said.

The negative scenario mentioned by the IMF proposes a 12.5% ​​fall in GDP and 40% inflation in 2023, along with a fall in international reserves to $18 billion and government budget expenditures to 68.8% of GDP.

According to the IMF, in 2023 Ukraine will receive $18 billion in loans from the EU, $14 billion in bilateral grants, $2 billion from the World Bank and $1.5 billion from other international financial institutions.

Recall, on December 22, the First Deputy Prime Minister of Ukraine – Minister of Economy Yulia Sviridenko announced that the amount of financial aid that Ukraine has received from international partners since the start of the full-scale invasion of Russia has reached $ 28 billion.

It has been reported that the G7 countries have already collected about 32 billion dollars for Ukraine, and our country will receive it in 2023 to meet the most important financial expenses. Information about this is published on the organization’s website.

Recall, on December 21, the Danish Ministry of Defense announced that 300 million kronor financial aid was allocated to Ukraine. The money will be taken from the National Reserve and transferred to the International Fund for Ukraine created by the UK.

same Focus He wrote on December 20 that the World Bank Group announced a new $610 million financing package for Ukraine.

It was previously reported that according to the World Bank, about 600 billion euros may be needed for the post-war reconstruction of Ukraine.

Source: Focus

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