Ukraine risks losing most of the $29.5 billion in aid due to delays in votes in the Verkhovna Rada
Ukraine could lose a significant portion of the projected $29.5 billion in international funding if members of parliament fail to pass the necessary bills by the specified deadlines. Prime Minister Serhiy Koretsky has set deadlines for votes in the Verkhovna Rada, and the continued flow of financial assistance from partners depends on meeting these deadlines.
According to the head of government, failing to meet the established deadlines for adopting reforms threatens to cut off funding that is critically needed to cover budget expenditures amid the confrontation with Russian aggression. The situation with public finances requires strict fulfillment of commitments to international institutions to maintain the country’s financial stability.
This was reported in a Telegram post by Ukrainian Prime Minister Serhiy Koretskyi.
Ukraine received a list of reforms from the EU in response to its request for funds.
Ukraine will soon receive $841 million in budget support from the World Bank. The funds will be used to offset state budget expenditures related to pension payments, and the Canadian government will provide financing guarantees.
The average pension in Ukraine has exceeded 7,200 hryvnias.
