The Federal Republic of Germany supports the provision of macro-financial assistance to Ukraine from the European Union and the launch of a new special program with the International Monetary Fund. This was discussed during an online conversation between the Prime Minister of Ukraine Denys Shmyhal and the Federal Minister of Finance of Germany Christian Lindner. The Minister of Finance of Ukraine Serhii Marchenko was also present during the conversation.
The Head of the Ukrainian Government thanked Germany for its substantial support for Ukraine, in particular for EUR 300 million in credit and EUR 1 billion in grant aid, as well as for the support of providing by the European Union of the first tranche of exceptional macro-financial assistance in the amount of EUR 1 billion.
“In the spring, the European Commission approved the decision to provide EUR 9 billion of macro-financial support. We have already received EUR 1 billion and expect the next EUR 8 billion. We hope our partners will demonstrate firm support regarding this decision as such funding is critically necessary for us,” the Prime Minister noted.
Denys Shmyhal informed that last week Ukraine had submitted an official proposal to the International Monetary Fund regarding the launch of a new special IMF program.
“On Friday, the letter was sent to the leadership of the Fund. We expect to receive appropriate assistance from the IMF yet in November-December this year,” said the Head of the Government.
The Prime Minister of Ukraine and the Federal Minister of Finance of Germany also discussed the issue of restoring infrastructure and networks in Ukraine, as well as gas procurement for the autumn-winter period. In addition, Denys Shmyhal expressed his gratitude to Federal Chancellor Olaf Scholz for the initiative of holding the G7 conference on the restoration of Ukraine in October.
Federal Minister of Finance of Germany Christian Lindner, for his part, assured that Germany would help Ukraine quickly receive the remaining EUR 8 billion of macro-financial assistance from the EU. In addition, according to him, Germany supports the procedures initiated by the Government of Ukraine to postpone the payment of debts as well as efforts towards the launch of a special program with the IMF.