The G7 countries increased their budget and economic support commitments to Ukraine to $39 billion in 2023. interfaxHe referred to the joint statement of the finance ministers and central bank governors of the G7 countries.
The report says that the G7 member states, together with the international community, continue to meet Ukraine’s urgent short-term financing needs. This support gives Kiev confidence and allows the authorities to keep the government functioning, carry out the most critical rehabilitation of damaged infrastructure, continue to provide essential services and stabilize the economy.
“Considering this important progress, we call on the IMF and Ukraine to implement a robust, large-scale, fully funded and conditionally funded IMF program by the end of March 2023,” the statement said.
At the end of last year, it was reported that the G7 countries mobilized $32 billion in aid to Ukraine in 2023. Ukraine expects the IMF monitoring program at the beginning of the second quarter of 2023 to be replaced by the Extended Financing Program (EFF), which could partially close the deficit in financing the 2023 government budget deficit, currently estimated at around $10 billion. The deficit itself is about $38 billion.
Earlier, the G7 countries announced their intentions. Castle financial channels with the Russian Federation for important transactions.