Ukrainian President Volodymyr Zelensky on Wednesday asked international donors for an additional $55 billion in aid to cover Ukraine’s budget deficit and fund reconstruction projects.
Zelensky spoke virtually to finance ministers at the World Bank and to the IMF’s annual meeting in Washington, according to Reuters. He said about $38 billion was needed to cover next year’s expected budget deficit, and another $17 billion was needed to start rebuilding some infrastructure.
Ukraine’s Prime Minister Denys Shmyhal has previously said that Ukraine expects to have a $38 billion deficit in 2023. He expects the US to hand over $18 billion for the deficit and for the EU and IMF to contribute about $12 billion each.
“The more assistance Ukraine gets now, the sooner we’ll come to an end to the Russian war, and the sooner and more reliably we will guarantee that such a cruel war will not spread into other countries,” Zelensky said on Wednesday.
Kristalina Georgieva, the IMF’s managing director, said the IMF estimates that Ukraine will need about $3 billion to $4 billion in external aid each month next year to keep its economy Running.
US Treasury Secretary Janet Yellen said that the US will soon disburse another $4.5 billion in direct budgetary aid to Ukraine, which will bring the total the US has provided for Ukraine’s budget since the war started to about $13 billion.
24 thoughts on “Zelensky Asks for $55 Billion to Cover Budget Deficit and Fund Reconstruction”
So bizarre — suddenly all individual nation’s financial woes, concerns re pandemic have been entirely superseded by this one overweening fiasco. Divided nations face multiple, possible intractactible woes; united together they can fixate on an external issue that appears to unite them. As was the case in WWI, certainly, the result wll be to destroy moral fortitude, fracture any actual world “order,” ratchet up Orwellian never-ending-lie-filled war.
“Zelensky Asks for $55 Billion to Cover Budget Deficit and Fund Reconstruction The US is expected to foot most of the bill for the budget deficit”
The recession is already starting in America and soon the unemployed and homeless will blight the streets of every city in America.
Biden is trying to prop up the economy for long enough to make it through the next election. But I’m not sure that he’ll be able to pull it off. Republicans are talking about excessive spending again. If Biden is held accountable for his spending and for the stagflation he has caused, he may be forced to put his foreign policy agenda on the back burner.
Yes, Republicans are talking about excessive spending again.
The same excessive spending that keeps getting passed with the support of at least ten Republican senators.
The same excessive spending that they’re fine with when the president has “(R)” after his name in the party listings and that they support but bellyache about when he doesn’t.
Yes. Both parties are spending junkies. Both love military spending, foreign aid and wars. Outside of the rhetoric, in essence, not much difference.
Agree with you both, but I have never seen the likes of the spending spree FJB is on
From here to eternity.
Where’s that coming from?
From the U.S. Foreign Assistance Aid.
Well, from us Amerikkkan taxpayers, of course, William! Never mind that many grocery items have doubled or more in price, and gas is creeping up towards $5 a gallon once again. And we have a number of four-legged family members who require feeding as well.
Are you willing to struggle to make ends
meet (we’re on fixed incomes) for ZelBoy’s benefit? We’re sure as hell not. Let him spend his own millions to subsidize his own fiasco.
Zelensky can go to hell.
Global money laundering at its finest.
$55B, unaudited! move over Bibi.
Is this all Zelensky can do? Is he one trick pony? Every time I read about this freak of a loser, he has his hat in his hand, begging for ever more money.
Here’s a promise. I shall do what I can to convince voters to throw this crowd out at the earliest opportunity.
The Zelensky is just another crooked Ukrainian oligarch grifting the suckers.
Bear, rather than capitulate to that “other party”, Amerikkka needs a third-party candidate with great name recognition and who is universally loved.
What if I float the name Bruce Springsteen?
Israel is getting super jealous by now.
Just what America needs, another welfare case in the billions. The billions we give Israel will seem like peanuts now that Zelensky is at the trough too..
“Will no one rid me of this turbulent ‘actor/comedian’ ” before he drags the world and the human race into nuclear oblivion ? And then abolish NATO and all aggressive and suicidal empires !
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