Ministry of Finance attracted almost USD 2.8 billion in grants and concessional financing from international partners ​​in October 2023

In October 2023, the State Budget of Ukraine received about USD 2.8 billion of external financing. Grants provided on a non-refundable basis accounted for more than 40% of the total amount of financial assistance.

Among the donors in October 2023:

• European Union - USD 1.6 billion (concessional financing);

• United States of America - USD 1.15 billion (grant).

The funds from the EU are the ninth tranche of a large-scale Macro-Financial Assistance (MFA) for 2023. The total amount of funding under the MFA program reaches EUR 18 billion, of which Ukraine has already received EUR 15 billion. 

The grant from the United States is part of the fifth additional financing under the World Bank's PEACE in Ukraine project. In 2023, Ukraine has already received USD 10.9 billion in grant funding from the United States.

International funding is used to finance priority State Budget expenditures, including social protection, humanitarian needs, and salaries for employees in the education and healthcare sectors.

In total, in 10 months of 2023, the Ministry of Finance of Ukraine attracted about USD 35.4 billion of external financing for the urgent needs of the State Budget. 

The Ministry of Finance of Ukraine is committed to accountability and efficient use of financial aid from its partners. In particular, the Ministry of Finance in cooperation with the World Bank ensures the transparency of the attraction and use of external financing. Ministry of Finance monitors the use of direct budget support from the U.S. Government together with Deloitte Consulting, which implements the USAID SOERA project, and performs a verification according to agreed procedures to determine the eligible public expenditures made by Ukraine under the PEACE in Ukraine project with the auditing company PriceWaterhouseCoopers Ukraine.