In March, the Ukrainian budget received a record $9 billion in external payments.
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The Center for Economic Strategy (CES) reported that partner countries (primarily Japan and Canada) have moved the timing of payments from the end of the year closer to the beginning of the year to bridge the funding gap for January and February.
In March, $9 billion. included: 4.9 billion loans from the EU, 1.5 billion loans from Canada, 1.1 billion loans from Japan, 880 million IMF loan tranches and 515 million loans from the UK.
This is the largest monthly amount of foreign financial assistance since the full-scale invasion.
Record funding made it possible to cover the state budget deficit and the need to repay debts for March, as well as compensate for the lack of funding in the previous two months.
What’s next for us? Ukraine continues to be unable to plan its budget normally—there are no long-term commitments other than the EU, and critical funds from the United States have been stuck in Congress for six months, CES experts write.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.