Kiev, April 28 (SocialNews.XYZ) As Russia continues its full scale invasion of Kiev, Ukraine expects to receive $42 billion in international aid this year, National Bank of Ukraine (NBU) chairman Andriy Pyshnyy said.
"The funds from partners, in particular, will contribute to the growth of international reserves to more than $35 billion at the end of this year," Pyshnyy told a media briefing.
Among the key risks for the Ukrainian economy in 2023, Pyshnyy listed longer than previously expected duration and intensity of the ongoing war, reports Xinhua news agency.
The war produces additional burdens on the economy, such as increased budgetary needs, disruptions in the functioning of the "grain corridor", and further destruction of the energy infrastructure, Pyshnyy said.
At the same time, he stressed that the rapid implementation of the reconstruction program in Ukraine and the European integration reforms will help accelerate the pace of economic growth.
Last year, Ukraine received a record $32.1 billion in support from its foreign partners.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz