Ukraine's Financial Struggles Ahead Amid Reform Demands
Ukraine faces a widening financing gap as Russian attacks continue and foreign lender demands for reforms remain unmet. The government prioritizes military spending, while social spending relies on foreign aid. Key reforms, such as anti-corruption measures, are crucial to continue receiving international financial support.
Ukraine's financial dilemma is set to intensify next year amid consistent Russian aggression and calls for reform from international lenders, experts warn.
Government expenditure heavily favors military needs, with foreign aid covering social costs, amounting to $139 billion since Russia's full-scale invasion in 2022.
Controversy surrounds President Zelenskiy's recent actions affecting anti-corruption bodies, prompting criticism from European allies. Ukraine must address reform targets to unlock further EU and IMF funding.
(With inputs from agencies.)
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- Ukraine
- Russia
- financing
- reforms
- military spending
- foreign aid
- anti-corruption
- EU
- IMF
- lenders
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