At the end of November, the funding Kiev received from foreign partners reached the minimum level in the last six months. This was reported on the official website of the Ministry of Finance of Ukraine.
According to the ministry, in November the Ukrainian state budget received nearly two billion dollars from abroad. In particular, the European Union (EU) provided aid worth $1.6 billion.
The World Bank transferred another five million dollars. In addition, Kiev received $ 400 million through the mechanism of the specified international financial institution under the British guarantee.
The statement emphasizes that the funds provided by Brussels are the tenth tranche within the framework of the large-scale regional community program to provide macro-financial assistance to Kiev for 2023. According to the Ministry’s report, to date Ukraine has received 16.5 billion Euros of the 18 billion Euros promised from the European Union.
In addition, the EU provided the funds allocated within the framework of this initiative as a loan. While the agreement is designed for 35 years, interest and payments on the debt will be paid by the regional state rather than Ukraine.
In general, since the beginning of this year, foreign partners have allocated $37.4 billion for aid to Kiev, while in July Ukrainian officials received $5.3 billion, the highest amount compared to other months.
Previously in the EU acceptance A new financial aid package to Ukraine for a period of four years.
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.