The amount of future external financing of the current state budget deficit of Ukraine after the recent decisions of the United States and the European Union (EU) exceeded $15 billion requested by the Ukrainian government for the next three months, now the task is to establish a rhythmic flow of these funds, Alternative Executive Director at the International Monetary Fund (IMF), representing Ukraine Vladyslav Rashkovan has said.

"If you add up the (provided) money, it's already more than $15 billion, which we needed for three months. Our task is to make sure that they go with a certain frequency so that everything is not coming at the end of the year. We need to live now: we need to pay bills in June, July," he told Interfax-Ukraine on the sidelines of the Ukrainian Breakfast organized by the Victor Pinchuk Foundation in Davos, where the World Economic Forum (WEF) is taking place.

Rashkovan recalled that U.S. President Joe Biden signed amendments to the budget to assign an additional $40 billion due to the war in Ukraine, of which $7.5 billion will go to finance the country's deficit as grants.

According to him, the EU also announced the provision of EUR 9 billion in macro-financial assistance (MFA) by the end of the year, and Germany announced that it would provide Ukraine with EUR 1 billion through the IMF Administered Account.

He added that the Fund is finalizing the debut funds in this account, which were provided by Canada in the amount of CAD 1 billion, announcing the other day that this amount has been increased by another CAD 250 million ($973.3 million in total at the current rate).

"In addition, there is still quite a lot of bilateral money. The task of the government is to work with international institutions, bilateral partners, so that this money comes to us in equal parts throughout the year. Such work is underway. In May, the situation is definitely better than in April," Rashkovan said.

He expressed regret that the process of provision of funds was delayed due to red tape reasons, which have not yet been finally removed, in particular, on the issue of the provision of funds to Ukraine in the SDR.

"America turned out to be faster than Europe, for various reasons. America was the first to come out with both military support and financial support," Ukraine's representative at the IMF said.

Earlier this week, Ukrainian Finance Minister Serhiy Marchenko announced that the country would receive up to $2 billion from international partners in May 2022, with the required $5 billion monthly. The remaining amount is covered by the market placement of war bonds – up to $1 billion – and their redemption by the National Bank of Ukraine (NBU).

In March, international support for Ukraine amounted to $3 billion thanks to the provision of $1.4 billion under the Rapid Financing Instrument from the IMF and support from the World Bank, and $1.7 billion in April.