The G7 promises $32 billion in budget support to Ukraine in 2023

The G7 promises $32 billion in budget support to Ukraine in 2023

The G7 promises $32 billion in budget support to Ukraine in 2023

Finance ministers of the "Group of Seven" countries, following the results of the meeting on Thursday, announced their intention to direct up to 32 billion dollars of budget support to Ukraine and, if necessary, increase this amount. This is stated in the joint statement of the heads of the G7 finance ministries.

 "To underline our unwavering commitment to support Ukraine together with the international community, today we confirm our joint approach to coordinated budgetary and economic support next year in line with the needs of the Government of Ukraine: for 2023, we have already mobilized up to 32 billion US dollars of budgetary and economic support for Ukraine and we continue to make further progress," they emphasize.

 The Heads of the Finance Ministry of the Group of Seven states specify that this amount includes, among other things, the macro-financial assistance program approved by the European Union in the amount of 18 billion euros, the budget assistance of the United States provided for in the bill awaiting approval, as well as a loan from the World Bank under guarantees Great Britain

 "We stand ready to do more, if necessary, in terms of budgetary and economic support in addition to our military, humanitarian assistance, development cooperation and early recovery support. We also strongly urge other donors to step up their support," the statement said. messages in the application.

 The "Group of Seven" also reminded that during 2022, they attracted 32.7 billion dollars to the budgetary needs of Ukraine.


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