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billion) in defense assistance for Ukraine in 2024 within the European Peace Facility (EPF) framework, Foreign Minister Dmytro Kuleba announced on March 18.
German defense minister announces aid package for Ukraine worth $540 million. German Defense Minister Boris Pistorius announced a new aid package for Ukraine worth 500 million euros (roughly $540 million) at a Ukraine Defense Contact Group (UDCG) meeting in Ramstein, Germany, on March 19.
Belgium unveils $445 million defense aid packages for Ukraine. Belgium has announced defense aid packages for Ukraine worth 412 million euros ($445 million), including 300 Iveco Lynx light tactical vehicles, the Shephard News reported on March 18.
London ready to loan Ukraine all frozen Russian assets in UK. The assets will be used as a surety for the payment of the reparations, U.K. Foreign Secretary David Cameron said.
France convenes a meeting of Ukraine's allies on March 7 and joins the Czech initiative to purchase ammunition. France invited the ministers of foreign affairs and defense from Ukraine and its primary allies, as well as the Secretary General of NATO and the head of EU diplomacy, to participate in a video call on March 7. The goal of the meeting is to demonstrate a "united front" and put forward concrete proposals to increase support for Kyiv after Emmanuel Macron was criticized for sending Western troops to Ukraine. In addition, Macron supports the Czech plan to supply 800,000 artillery shells to Ukraine and plans to join this initiative. As Bloomberg clarifies, the purchase of ammunition will not be financed by EU funds, such as the European Peace Fund, but by bilateral contributions from participating countries. The Czech Republic itself will take over the procurement process. Meanwhile, the President of the Czech Republic, Petr Pavel, after meeting with Macron, called for the expansion of forms of aid to Ukraine, including a possible military presence in the form of assistance and "non-combat interaction,” which are both being considered.
Ukraine will receive EUR100mn loan from Council of Europe Development Bank for eRecovery project Ukraine will receive a €100mn loan from the Council of Europe Development Bank for the eRecovery project, said Deputy Prime Minister for the Restoration of Ukraine - Minister for Communities and Territories Development and Infrastructure Oleksandr Kubrakov.
• IFI Aid
IMF approves $880 million loan payment for Ukraine. The executive board of the International Monetary Fund (IMF) approved a third review of Ukraine's $15.6 billion loan program. This decision enables the release of $880 million designated for budget support. Ukraine receives $880mn from IMF - Shmyhal Prime Minister of Ukraine Denys Shmyhal says Ukraine received $880mn from the International Monetary Fund (IMF) on March 26.
In the following years, Ukraine will pay almost as much to the IMF as it will receive from the fund. According to Forbes, during the four-year EFF program, which started in March 2023, Ukraine should receive $15.5B from the Fund and must pay $14.9B.
Updated memo on EFF with IMF contains 13 steps to deepen infrastructure of financial markets and supervision The International Monetary Fund (IMF), in its updated Extended Fund Facility Arrangement (EFF), noted wide-ranging
54 UKRAINE Country Report April 2024 www.intellinews.com