Business news from Ukraine

Business news from Ukraine

Ukraine in January-May 2023 received almost $18 billion in foreign financing

2 June , 2023  

The volume of financing actually allocated to Ukraine by international partners in January-May 2023 to cover the deficit was $17.97 billion, compared to $32.14 billion in the previous year, the Ministry of Finance has reported.

According to the data published on its website, the grants accounted for $6.16 billion or 31.1%, including $6 billion provided by the United States, $52 million by Germany, $50 million by Spain and $21 million each by Finland and Ireland.

The biggest creditor of Ukraine this year is the EU – $8.12 billion, which has already exceeded the figure of the whole of last year, which amounted to $7.96 billion.

The IMF is the third largest lender this year with $2.706 billion compared with $2.693 billion last year.

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

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

As earlier reported, in 2023, Ukraine expects to receive about $42-42.5 bln in external financing of the state budget.

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