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Ukraine says it has received $16.7 bn in foreign aid so far this year

Ukraine says it has received $16.7 bn in foreign aid so far this year

Kiev, 11 May 2023 (MIA) - Ukrainian Finance Minister Serhiy Marchenko said that Kyiv has received $16.7 billion in financial aid from its Western partners so far this year.

"In 2023, Ukraine has already received $16.7 billion in budget aid from foreign donors. We also have assurances from partners regarding further support in financing the state budget deficit in 2023," Marchenko's ministry quoted him as saying on Thursday.

It said he made his comments during a meeting that included finance ministers and central bankers from Group of Seven (G7) countries, as well as senior officials from international lenders.

He thanked those taking part for their "unprecedented efforts" to mobilize the financing.

Ukraine faces a $38 billion budget deficit this year. The government is also asking for another $14 billion for the rapid reconstruction of critical infrastructure and the energy sector.

Last year, Ukraine received $32.14 billion in foreign aid for budget needs.  

Photo: Marchenko's Facebook page