Our allies have confirmed that they will support Ukraine for as long as it takes
Strong pro-Ukrainian coalition in the world is the key to our victory and Ukraine's recovery stressed Prime Minister of Ukraine Denys Shmyhal during a session of the Cabinet of Ministers on April 18.
Denys Shmyhal summed up the outcomes of his working visit to Canada and the United States. According to the Head of Government, Ukraine’s allies have confirmed that they will support Ukraine for as long as it takes - until our complete victory. Besides, tangible results have been achieved with an aim to make Ukraine stronger.
“First, we received confirmation that the new programme with the IMF is part of a long-term support programme totalling USD 115 billion. These are funds intended to ensure the stability of our economy and financial system. Since 24 February last year, the United States has provided us with USD 15.5 billion in budget support. We have received assurances from the United States Secretary of the Treasury about additional financial assistance until September,” the Prime Minister assured.
The intentions to allocate an additional EUR 3.1 billion were voiced at a meeting with the German Federal Minister of Finance. France plans to provide EUR 2 billion in long-term financing. Denmark is creating a EUR 1 billion Special Fund to support Ukraine. Switzerland is allocating CHF 1.8 billion for the coming years.
“Separately, we have reached an important agreement with Japan. In addition to the long-term support programme, Japan is the first country to make a contribution of USD 23 million to cover military risks in investments in Ukraine. This is a contribution to MIGA, which will allow us to return private foreign investment much more easily,” emphasized the Head of Government.
Moreover, Prime Minister highlighted in the United States, he had signed a memorandum with DFC and USAID to support the mobilisation of investments in Ukraine for the implementation of priority recovery and development projects.
Among other things, Ukraine received assurances from United States Secretary of the Treasury Janet Yellen about the disbursement of USD 1.5 bn for rapid recovery and USD 800 mln for energy sector.