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Economist Pendzin names macro-financial support Ukraine will need in 2025

Sofia Polonska
23 December, 2024 Monday
21:45

Oleh Pendzin, a member of the Economic Discussion Club, noted that Ukraine will have sufficient macroeconomic funding until the end of 2025

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He stated this during a broadcast on Espreso TV.

"For Ukraine to balance its budget next year, $38 billion in macroeconomic financing will be required, which is approximately 1.6 trillion UAH, to sustain the country through 2025. Thanks to our partners, the G7 countries, we will receive income from frozen Russian assets. Ukraine will secure a $50 billion loan, which will be repaid using proceeds from these frozen Russian credits," the economist said.

According to him, these funds will be sufficient to fully provide Ukraine with macro-financial assistance, covering the $38 billion requirement, and for about six months of military-technical needs to defend the country.

"The Minister of Finance and the Prime Minister of Ukraine have stated that all social needs for 2025 are fully funded, and military-technical cooperation requirements are covered until approximately mid-year. What happens next will depend on the initial major actions of the newly elected U.S. president's administration and its stance on supporting Ukraine, particularly regarding military-technical cooperation. As for macroeconomic funding, it will be sufficient until the end of 2025," Oleh Pendzin concluded.

  • The International Monetary Fund (IMF) has developed two scenarios for Ukraine's economic development, depending on the duration of the war. According to the most critical forecast, the war could last until mid-2026.
  • On December 23, Ukrainian Prime Minister Denys Shmyhal announced that Ukraine had received the sixth tranche from the IMF amounting to $1.1 billion.
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