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This aid plan signed two weeks ago with the Ukrainian government is part of a vast envelope of 115 billion dollars. The validation of this new aid allows the disbursement of a first installment of 2.7 billion dollars.
The objective of this $15.6 million in new aid is initially to enable the Ukrainian State to consolidate its 2023 budget, but also to strengthen its fiscal resources and limit inflation.
As for the overall aid from the International Monetary Fund (IMF) of 115 billion dollars over four years, it has several components: 2 billion in partial cancellations of existing debt, debt relief of 20 billion, 60 billion in loans and 20 billion in grants, according to the IMF.
Reconstruction
With this sum, Ukraine should ensure the recovery and post-war reconstruction. The IMF expects a gradual economic recovery this year in Ukraine. But he also foresees a darker scenario, in case the war drags on until the end of 2025.
Ukraine has been supported by institutions since the start of the Russian offensive on February 24, 2022. The World Bank paid it $20 billion, the United States $110 billion, with military support. This has allowed the country to keep its public services afloat or to pay the salaries of civil servants.
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