REUTERS
The funding directly depends on the success of talks with the IMF on a new cooperation program.
Ukrainian Prime Minister Denys Shmyhal says Ukraine in 2020 expects to receive more than US$10 billion in financial aid.
"We've received the first part of an untied loan from Germany. We also expect to receive another EUR 190,000. This aid will also be sectorial. The funds will be allocated for combating the coronavirus and supporting small- and medium-sized businesses," he said during a Q&A hour at the Verkhovna Rada, Ukraine's parliament, on May 13.
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"In total, this year's financial assistance exceeds US$10 billion. It will be provided from various financial institutions, namely the International Monetary Fund [IMF], European structures, the European Union, and partner countries," he said.
According to Shmyhal, most of the aid directly depends on the success of talks with the International Monetary Fund on a new cooperation program.
As UNIAN reported earlier, the Ukrainian government expects the talks with the IMF will end before May 15. According to Gerry Rice, Director of the IMF's Communications Department and IMF Spokesman, the focus of the talks between the IMF and Ukraine has shifted toward an 18-month stand-by arrangement, which will help the country tackle the consequences of the pandemic in the economy and the health care sector. It could serve as a reserve option as Ukraine's authorities are yet to fulfill conditions required to receive funds in the framework of the Extended Fund Facility in the amount of US$5.5 billion, which the parties discussed in December 2019.