In March of this year, the next meeting of the Multidonor Financial Coordination Platform, or “Financial Ramstein”, will be held, during which Ukraine, together with international partners, will discuss the issue of financing the state budget deficit and the country’s recovery after the war. This was reported by Kostyantyn Kryvopust with reference to the Prime Minister of Ukraine Denys Shmyhal. Next, direct speech.
“We created the so-called “Financial Ramstein” – this is a multi-donor financial coordination platform, which has already started its work, the first meetings were held. There will be a second meeting in March, and then at all levels (secretariat, working level and high political level) the group will continue its work. In regular mode, the group will meet monthly at the first and second levels, and at the high level – no less than once a quarter,” the prime minister said.
According to him, during the meetings, the group will consider financing the state budget deficit. As of 2023, the Government has planned a $38.5 billion deficit. In addition, the parties will discuss the provision of 17 billion dollars this year for the rapid recovery of the country, as well as the global recovery of Ukraine after the war.
Also, during the “Financial Ramstein” they will focus on issues of confiscation of Russian assets, military risk insurance, as well as private-state partnership projects and their structure.
Shmyhal said that the platform includes representatives of the European Commission, G7 countries, all international financial organizations, including the International Monetary Fund (IMF), the International Bank for Reconstruction and Development, and the World Bank. Currently, there are four co-chairs: the Minister of Finance of Ukraine, representatives of the European Commission and the White House, as well as the representative of the country that chairs the G7 this year, that is, the Minister of Finance of Japan.