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Ministry of Finance attracted almost USD 2 billion of concessional financing from international partners ​​in November 2023

In November 2023, the State Budget of Ukraine received about USD 2 billion of external financing. 

The funds are provided on concessional terms and are directed to finance priority State Budget expenditures, in particular, social protection, humanitarian needs, and wages for employees of the education and healthcare sectors.

Among the donors in November 2023:

  • European Union - USD 1.6 billion;

  • UK guarantee through the World Bank mechanism - USD 400 million;

  • World Bank - USD 5 million.

The funds from the EU are the tenth tranche of a large-scale Macro-Financial Assistance (MFA) program for 2023. The total amount of funding under the program is EUR 18 billion, of which Ukraine has already received EUR 16.5 billion. The loan has a maturity of 35 years, and the EU countries will compensate for interest and other debt service payments instead of Ukraine.

The UK's guarantee is part of the fifth additional financing under the World Bank's PEACE in Ukraine project. The maturity is 19 years with a 5-year grace period. The total amount of financial assistance provided under the UK’s guarantee this year reaches USD 1 billion.

The World Bank’s funding is a loan from the IBRD under the World Bank's HEAL Ukraine project.The joint project with the IBRD has already attracted about USD 50 million in 2023.

For 11 months of 2023, the Ministry of Finance of Ukraine attracted about USD 37.4 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.