The main factors influencing the growth of financial needs are the activity of military operations and the systematic increase in expenditures in the defense sector.
Next year, Ukraine will need $12-15 billion more in external financing than estimated by the International Monetary Fund. This was announced by the Deputy Minister of Finance Olga Zykova, the press service of the Ministry of Finance reports.
“According to IMF calculations in the Extended Fund Facility program, for 2025 the need for external financing is estimated at $22.7 billion. Based on the revision of the assumptions on which the forecast for the next year is based, the need for in external financing of 12 – 15 billion US dollars,” said Zykova.
According to him, the main factors influencing the growth of financial needs are the intensity of the conflict and the risks of the duration of the war, as well as the systematic increase in spending in the security and defense sector.
Zykova called the G7 joint decision to create a financing mechanism secured by the revenue generated by frozen Russian assets in favor of Ukraine critical for the full financing of all budget needs.
“At the same time, we see this decision as the first step towards the complete confiscation of all frozen assets of the Russian Federation,” he said.
It was previously reported that Ukraine received a tranche from the International Monetary Fund (IMF) for $2.2 billion.
Source: korrespondent
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.