Ministry of Finance: Ukraine received $9 billion from partners in March
In March 2024, the general fund of the State Budget of Ukraine received about USD 9 billion in external financing.
This is reported by the press service of the Ministry of Finance, Censor.NET reports.
In March 2024, the general fund of the State Budget of Ukraine received about $ 9 billion in external financing.
Among the donors:
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EU - USD 4.9 billion (concessional financing);
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Canada - USD 1.5 billion (concessional financing);
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Japan - USD 1.1 billion (concessional financing);
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IMF - USD 880 million (concessional financing);
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United Kingdom - USD 515 million (concessional financing).
The EU funds are the first tranche under the new Ukraine Facility. They are also part of the transitional financing, which totals EUR 6 billion. The Transitional Financing Facility allows to meet the immediate budget needs until the final approval of the Ukraine Plan for the Ukraine Facility.
Japan provided financial assistance through World Bank mechanisms. In particular, the state budget received USD 882 million as part of the Growth Policy Loan (DPL), and USD 230 million as part of the Emergency Project for Inclusive Support for the Recovery of Agriculture in Ukraine (ARISE).
The concessional loan from Canada came under the third supplemental agreement, which is an extension of the agreement signed on August 8, 2022.
The IMF financing is the fourth tranche under the Extended Fund Facility (EFF) program. Ukraine has already attracted about USD 5.4 billion out of the USD 15.6 billion provided under the program.
The concessional financing from the UK is part of the Fundamentals for Growth policy support loan through the World Bank mechanism.
In 2024, external financing reaches USD 10.1 billion, and since the beginning of the full-scale war - USD 83.7 billion. International assistance is used to finance priority social expenditures of the State Budget of Ukraine.
The Ministry of Finance of Ukraine is committed to accountability and efficient use of assistance from partners. To this end, the Ministry of Finance, in cooperation with the World Bank and development partners, ensures transparency in the attraction and use of external financing.
