Latvia and Ukraine discuss future financial assistance

On Tuesday, April 16, Latvian Finance Minister Arvils Ašeradens met with Ukrainian Finance Minister Serhiy Marchenko at the annual World Bank Group (WBG) and International Monetary Fund (IMF) spring meeting in Washington, according to a release from the Finance Ministry. 

The pair discussed Ukraine's economic and financial situation and current military, humanitarian and financial needs, as well as the provided and planned international support to Ukraine.

"Latvia remains steadfast in our solidarity, promising both moral and material support to the Ukrainian people until victory. Our commitment is manifested in financial, military and humanitarian assistance. A democratic society must join forces to help Ukraine win this unjust war and end the suffering of the Ukrainian people. Therefore, I will use the opportunities to talk about support for Ukraine within the framework of the annual meeting," said Finance Minister Ašeradens during the bilateral meeting.

The two ministers discussed the financial support provided by Latvia to Ukraine through international financial institutions to cover the critical budget needs of the Ukrainian government, including through the financial instruments of the World Bank. Since the start of Russia's war of aggression in 2022, Latvia's financial support to Ukraine amounts to 36 million euros.

From April 16 to 21 Ašeradens is in Washington and will have various bilateral meetings. You can see more about the World Bank/IMF spring meetings, including livestreams of some sessions here:


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