G. Skaistė: “We contribute to the preparation of reforms in Ukraine, as we believe in its future “

“We are ready to support Ukraine as much as it needs until its victory in the war, therefore, through the International Monetary Fund’s (IMF) Extended Fund Facility for Ukraine, we provide EUR 1.5 million to contribute to expert assistance in planning and implementing Ukraine’s reform agenda“, said Minister of Finance Gintarė Skaistė during the signature of the commitment agreement in Marrakech.

In the context of the annual meetings of the World Bank Group and the IMF, the formal signing ceremony is dedicated to the IMF’s Ukraine Capacity Development Fund, which will provide expert assistance to the country’s institutions in carrying out the necessary reforms, thus guaranteeing their effective and timely implementation.

”The implementation of Ukraine’s reform agenda will ensure not only the reconstruction of the country after the war, but also in the long-term – the resilience of the country’s economy. Even during the war, Ukraine is heroically implementing reforms not only to secure additional international aid, but also to achieve the essential goal of the European Union membership. Its accession to the Community would undoubtedly contribute to the security of both our region and the EU as a whole”, said Minister G. Skaistė.

At the ceremony, the Minister also noted that the solidarity of the international community is an essential condition to help Ukraine withstand the aggressor and maintain a viable economy in the context of the ongoing war.

After the IMF approved the 48-month Extended Fund Facility Programme for Ukraine of USD 15.6 billion in March 2023, coupled with concrete reform commitments, the need arose for technical assistance – capacity development in the country. Therefore, Lithuania, together with its international partners – Japan, the Netherlands and Slovakia – contributed to the activation of the necessary support, strengthening the capacity of Ukraine’s institutions in line with its commitments to the IMF.

It is worth noting that Lithuania has already allocated over one billion euros to humanitarian, military and financial assistance to Ukraine, or more than 1.5 % of the gross domestic product (GDP) and is internationally considered to be one of the leaders in the delivery of support.

Last updated: 18-10-2023

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