The International Monetary Fund raised its estimate of 2023 economic growth in Ukraine, saying the country shows "remarkable resilience" but warned growth is likely to slow in 2024 as the war continues. A week-long IMF monitoring mission reviewing the fund's support agreements with Ukraine said
European Union member nations are preparing a workaround to provide Ukraine with a promised €50-billion reconstruction aid package even if Hungary vetoes it, Bloomberg reported, citing unnamed sources. Under the backup plan, individual member states would offer national guarantees to attract financing in the markets and substitute for the
Ukraine has told its allies that it needs all frozen Russian assets, and not just the interest on those assets, or it won't likely receive enough funding to pay for reconstruction of the country, Reuters reported. Ukrainian Deputy Justice Minister Iryna Mudra told the news agency in an
Ukraine moved a step closer to starting talks to join the European Union, and the major assistance that would bring for the reconstruction of the country, as the EU executive body recommended starting membership talks with Ukraine after certain conditions are met. The European Commission recommends that the EU start
Foreign ministers of the G7 nations vowed to maintain a freeze on Russian assets in the West until the country "pays for the damage it has caused to Ukraine," and renewed their commitment to support the reconstruction of Ukraine. The foreign ministers of Canada, France, Germany, Italy, Japan,
Increased resilience among businesses and people in war-time buoyed Ukraine's economy this year, the International Monetary Fund said. But beyond that, forecasting is clouded by numerous major uncertainties. "Despite recent positive outturns, the duration and intensity of the war present a considerable risk to the economic
The government of Denmark will provide €40.2 million in reconstruction aid to Mykolaiv to help the damaged Ukrainian city repair its heating infrastructure to cope with the coming winter. The funds will also buy 40 mobile heating boilers to help the city cope with the cold, and they will
The World Bank and partners has started to prepare the third rapid damage and needs assessment (RDNA3) for Ukraine to update its assessment of damage inflicted by the Russian invasion and set priorities for recovery and reconstruction out to 2027, the Ukrainian government said. The report, being prepared by the
Ukrainian Prime Minister Denys Shmyhal met with Alexander Soros, the son of billionaire George Soros and chair of the Open Society Foundations, which is planning new projects in Ukraine. "Open Society Foundations plans to start new projects, so we discussed our priority needs: economic recovery, reconstruction, social sphere,"
Josep Borrel, the European Union's top diplomat, said the fresh outbreak of violence in the Middle East is having a "lasting impact" on policy for Ukraine, and called on European nations to stay unified in their support for the besieged Eastern European nation. "Let’s
By Adam Brown and Oksana Pavliuk Ukraine Rebuild Newswire Kyiv, Ukraine - Oleksiy Miroshnychenko is quick to thank Germany, Poland and other nations for embracing the millions of fellow Ukrainians who fled their country after the Russian invasion. When the war ends, though, he hopes they will show even more generosity
International Monetary Fund monitors started a second review on Monday of the institution's ongoing multi-billion dollar support program for Ukraine, possibly paving the way for the release of the next tranche of approximately $900 million in aid. The IMF's discussions with Ukrainian officials over its
European Commission President Ursula von der Leyen congratulated Ukraine for making "excellent progress" in its bid to join the European Union, bolstering the country's hopes days before the EU executive branch delivers a long-awaited report card on accession. In a surprise visit to Kyiv over
European and US officials have started "quietly" talking with the Ukrainian government about what peace talks with Russia might look like, NBC News reported, citing a "current senior US official and one former senior US official familiar with the discussions." The television news channel reported online
The Japan International Cooperation Agency (JICA), the agency that handles development funds for the Japanese government, has re-opened its office in Ukraine, reported Japanese public broadcaster NHK. The agency, which is administering about $1.1 billion worth of Ukrainian aid projects for the Japanese government, has been coordinating Ukrainian
The Ukrainian government's anti-corruption agency has added Nestle to its blacklist of companies that continue to do business with Russia, labeling the global food giant an "international sponsor of war." Nestle joins fellow food conglomerates Unilever, PepsiCo and Mars and 41 other companies on the
