Business news from Ukraine

Ukraine received over $40 bln in external financing last year

20 February , 2024  

In 2023, Ukraine received external financing totaling $42.5 billion, of which $11.6 billion (27%) was non-repayable grant aid, the Ministry of Finance reported.

“Long-term concessional loan financing totaling $30.9 billion was attracted, in particular from the EU ($19.5 billion), the IMF ($4.5 billion), Japan ($3.4 billion), Canada ($1.8 billion), the UK ($1 billion), the World Bank ($660 million), and Spain ($50 million),” the report cites statistics on revenues.

Grant assistance was provided by the United States, Japan, Norway, Germany, Spain, Finland, Switzerland, Ireland, Belgium, and Iceland.

“Funds from the EU were raised as part of macro-financial assistance. Loans under the EU macro-financial assistance programs have a 35-year maturity (including a 10-year grace period), and the costs of servicing them are reimbursed by the EU,” the Ministry of Finance said.

As of the end of 2023, the weighted average cost of public and publicly guaranteed debt was 6.24%, which is 1.4 percentage points less than in the previous year, the Ministry added.

At the same time, the weighted average term to maturity of Ukraine’s public and publicly guaranteed debt increased by more than two years to 10.56 years last year.

In total, in 2023, the total amount of Ukraine’s public and publicly guaranteed debt increased by UAH 1,444 billion in hryvnia equivalent and by $33.9 billion in dollar equivalent, mainly due to an increase in long-term concessional financing from international partners.

As of December 31, 2023, Ukraine’s public and publicly guaranteed debt amounted to UAH 5.5 trillion, or $145.3 billion.

A detailed video analysis of the situation in the Ukrainian and global economy is available on the Experts Club YouTube channel –

, ,