REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Oct 14 (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.
As the war with Russia rages on, Ukraine needs to secure Western financial support to cover a $43 billion budget gap in 2024.
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.
Marchenko said Ukraine is seeking 18 billion euros of that in 2024, matching the package received for this year.
Ukraine's economy is set to grow 5% in 2024, Marchenko told the meetings earlier this week, and sufficient gas storage for the winter should buttress the economy from a potential rise in prices, he told Reuters.
Persons:
Finance Serhiy Marchenko, Susana Vera, Serhiy Marchenko, Marchenko, Jorgelina, Rosario, Elisa Martinuzzi, Helen Popper Our
Organizations:
Finance, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Bank, European Union, IMF, EU, Thomson
Locations:
Marrakech, Morocco, Rights MARRAKECH, Ukraine, Russia, Israel, U.S, Japan, United Kingdom, United States