Raising funds in a timely manner is critical to creating the right living conditions for people and promoting the growth of Ukraine’s economy.
Ukraine’s unmet priority recovery this year is about $6.5 billion. Finance Minister Sergei Marchenko said this at a meeting of a group of IMF and World Bank member countries in Montenegro, the Ministry of Finance reported on Friday, May 26.
According to him, the government of Ukraine has allocated to the state budget for 2023 part of the funds for priority recovery in the amount of $3.3 billion. In addition, our international partners have already provided approximately $4.3 billion in guarantees.
“At the same time, this year’s unmet priority recovery needs are approximately $6.5 billion. Therefore, the timely mobilization of these funds is critical to create proper living conditions for people, return to the migrants and promote economic growth in Ukraine, “said the minister.
Earlier, the Cabinet of Ministers said that Ukraine has five emergency recovery priorities for $17 billion in 2023. These are energy, housing, demining, critical social infrastructure and private business.
And in March, the World Bank estimated the recovery of the Ukrainian economy at $411 billion. We are talking about the damage caused by the war, mainly in 2022.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.