According to Andriy Pyshny, the newly-appointed governor of the National Bank of Ukraine, Ukraine’s total financial needs for 2023 will total $38 billion.
“Next year will not be easy. $38 billion is the total need for financing. Attracting it is a joint matter for all government organizations, which we work with,” Pyshny said during his presentation to the post on Monday, Oct. 10 with the participation of Ukrainian President Volodymyr Zelensky.
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Pyshny noted that having an institutionally strong and independent National Bank of Ukraine is a guarantee of macroeconomic stability. Also, according to him, one of the priorities for at least several weeks is the holding of negotiations with an IMF mission. Pyshny is a supporter of the policy of anti-crisis management, which was introduced by the National Bank earlier.
“My priorities as head of the National Bank of Ukraine are obvious: macro-financial stability, effectiveness of macroeconomic policy, constructive negotiations with our international partners, opening access to those sources that we desperately need today,” Pyshny underlined.
The POLITICO news outlet reported on Oct. 10, citing officials, that the European Commission is working to provide Ukraine with about €1.5 billion worth of budget support per month in 2023.
“The Commission is discussing with finance ministries of EU countries how support can be provided. The total figure, as well as the number of grants or loans, is currently being discussed,” the message states.
ISW Russian Offensive Campaign Assessment, November, 24, 2024
The U.S. government issued a pledge on Oct. 2 to cover $1.5 billion worth Ukraine’s financial needs per month, asking allies to do the same. According to Bloomberg, the U.S. is ready to provide Ukraine with $1.5 billion every month until the end of Russia’s war on Ukraine.
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