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
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.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
