Ukraine: Economic Situation
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to help ensure macroeconomic stability in Ukraine.
Answered by Stephen Doughty
Since February 2022 the UK has provided fiscal assistance worth £4.1 billion via guarantees for World Bank lending to support Ukraine's economic stability. This includes multi-year assistance worth $3 billion, which will be delivered in yearly $1 billion tranches. This is part of a collective G7 effort over Ukraine's International Monetary Fund programme.
As G7 leaders announced in June, we are working together to implement 'Extraordinary Revenue Acceleration' loans, which will provide approximately $50 billion in additional funding.
An overview of UK support is published on gov.uk [https://www.gov.uk/government/publications/uk-support-to-ukraine-factsheet/uk-support-to-ukraine-factsheet].
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