From the beginning of the year, Ukraine's state budget has received almost $20 billion in foreign financing

From the beginning of the year, Ukraine's state budget has received almost $20 billion in foreign financing

The biggest lender to Ukraine this year is the EU, which in 5 months has provided Ukraine with $8.12 billion

From the beginning of the year, Ukraine's state budget has received almost $20 billion in foreign financing

The volume of funding effectively allocated to Ukraine by international partners in January-May 2023 to cover the deficit reached $19.79 billion, compared to $32.14 billion the previous year. 

This was reported by the Ministry of Finance.

According to the data published on their website, grants accounted for $6.16 billion, or 31.1%, of which the USA provided $6 billion, Germany $52 million, Spain $50 million, and both Finland and Ireland provided $21 million each.

The biggest creditor to Ukraine this year is the EU, providing $8.12 billion, which already exceeds last year's figure of $7.96 billion. 

The IMF completes the top three in terms of funding allocated this year, providing $2.706 billion compared to $2.693 billion the previous year.

They are followed by Canada with $1.76 billion, and then the World Bank and the UK respectively, providing $0.55 billion and $0.50 billion.

The Ministry of Finance specified that domestic financing of the state budget through the placement of government bonds during this period amounted to $6.74 billion.

Background. It has been reported that Ukraine is hoping for foreign financing of the state budget in the range of about $42-42.5 billion in 2023 overall.

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