Ukraine may receive over $10 billion by end of 2020, - PM

Source : 112 Ukraine

The provision of financial assistance depends on Ukraine's agreements with the IMF
15:46, 13 May 2020

24 Channel

Ukraine plans to receive more than 10 billion dollars from various financial institutions by the end of this year. This was announced by Prime Minister Denys Shmygal during a session of the Ukrainian government that was broadcasted by 112 Ukraine TV channel.

"In total, the amount of financial assistance from various financial institutions, international financial organizations - the IMF, European structures, the EU and partner countries in 2020 exceeds 10 billion dollars," he said.

Related: New IMF program for Ukraine: Timing to be reduced, but funding will not change

The PM also noted that the provision of financial assistance from other financial institutions mainly depended on Ukraine's agreements with the IMF.

"It is very important for us to move forward, to receive these funds in order to have + 7% of GDP next year and to not fall into the abyss that we will not be able to get out of for the next ten years," Shmygal added.

As we reported earlier, according to the forecast of the European Bank for Reconstruction and Development (EBRD), Ukraine's GDP will fall by 4.5 percent in 2020.

It also claims that Ukraine faced a high price of refunding the debt in the international financial markets

Related: Zelensky asks EBRD to support Ukraine's small and medium businesses

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