Ukraine finance minister says donor 'tiredness' growing as war drags on
By Jorgelina do Rosario and Elisa Martinuzzi
MARRAKECH (Reuters) — Ukraine is finding it harder to secure financial support as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten, Finance Minister Serhiy Marchenko told Reuters on Saturday.
«I see a lot of tiredness, I see a lot of weakness among our partners, they would like to forget about the war but the war is still ongoing, full-scale,» Marchenko said on the sidelines of the International Monetary Fund (IMF) and World Bank meetings in Marrakech.
He said Ukraine is making «twice the effort right now to convince our partners to provide us with support compared to the last annual meetings» in April.
As the war with Russia rages on, Ukraine needs to secure Western financial support to cover a $43 billion budget gap in 2024. Talks this week have been overshadowed by the conflict between Israel and Hamas, which broke out just as delegates were making their way to Marrakech.
Marchenko said «a geopolitical shift and internal political context in different countries» was dampening governments' appetite to support Ukraine, mentioning elections scheduled in the U.S. and the European Union next year.
Ukraine has earmarked additional tax receipts and funds to be raised from internal debt, but it will be dependent on outside help for the bulk of next year's spending requirements.
«We already have some commitments, like $5.4 billion from the IMF programme, and we expect commitments from Japan and United Kingdom, and of course, we rely on our key partners and allies the United States and European Union,» Marchenko said in the interview.
The EU is working on a 50 billion-euro ($52.6 billion)Ukraine package for 2024 through
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