City
Epaper

Ukraine requires $37 bn in external financing next year

By IANS | Updated: July 28, 2023 04:30 IST

Kiev, July 28 Andriy Pyshnyy, Chairman of the National Bank of Ukraine (NBU), said that Ukraine will require ...

Open in App

Kiev, July 28 Andriy Pyshnyy, Chairman of the National Bank of Ukraine (NBU), said that Ukraine will require at least $37 billion in external financing next year due to high expenditures on defence.

"International support will remain very important for maintaining macrofinancial stability in the coming years," Pyshnyy was quoted as saying by the bank's press service on Thursday.

The official stressed the need for Ukraine to continue its cooperation with the International Monetary Fund and other foreign partners to obtain the aid, Xinhua news agency reported.

Pyshnyy informed that since the beginning of this year, Ukraine received about $27 billion in international assistance, which allowed it to boost foreign reserves to an all-time high of $39 billion at the end of June.

At the end of this year, international assistance for Ukraine is expected to reach $42 billion, Pyshnyy said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: congresspitrodadelhimodideepikabjpwest-bengaldeepika-padukoneajay-devgnthakur
Open in App

Related Stories

CricketVijay Hazare Trophy LIVE Streaming: When and Where To Watch Rohit Sharma, Virat Kohli in VHT 2025–26

PunePune: Jolt to Shiv Sena (UBT) as Key Leaders Join BJP Ahead of PMC Elections

MumbaiVHP Members Detained in Mumbai, Delhi While Protesting Dipu Chandra Das Lynching in Bangladesh

NationalDelhi Shocker: Maid, Son Attack Elderly Woman with Iron Pan, Flee with Gold, Silver and ₹1,500 Cash

NationalDelhi-Lucknow Highway Accident: One Injured as Two Trucks Crash Into Divider Amid Dense Fog in Moradabad

International Realted Stories

InternationalArmy chief Gen Upendra Dwivedi, Ambassador P Harish discuss Indian's role in UN peacekeeping operations

InternationalCrude bomb explosion kills one in Bangladesh amid deepening crisis

InternationalAir Chief Marshal AP Singh visits Egypt to strengthen ties between IAF-EAF

InternationalTrump-backed Nasry Asfura wins presidential elections in Honduras

International'Awami League members can contest as independent candidates': Bangladeshi journalist Muktadir Rashid on ban on Sheikh Hasina's party