Ministry of Finance Photo: news.pn
In October 2024, the State Budget of Ukraine received significant financial support – a total of about USD 1.4 billion in concessional external financing. This was reported by the Ministry of Finance of Ukraine.
The bulk of the amount, namely $1.1 billion, was received from the International Monetary Fund under the fifth review of the Extended Fund Facility (EFF) programme. Ukraine has successfully met all the structural benchmarks set for this phase of the programme, and even completed two of them ahead of schedule. These results sent a signal to international partners about Ukraine’s reliability and responsibility as a borrower, even in the difficult conditions of war.
Ukraine received an additional $300 million from the Government of Canada. The funds were raised under the fourth supplemental agreement and are provided on favourable terms: a 10-year loan with an interest rate of only 1.5% per annum, with a grace period of 4.5 years.
In total, in 2024, international funding for Ukraine has already reached USD 25.9 billion, of which USD 6.6 billion was provided in the form of grants. Since the beginning of the full-scale invasion, the total amount of external support for Ukraine has exceeded USD 99.4 billion.
According to the Ministry of Finance, international financial assistance is a vital source of stability for the Ukrainian economy under martial law. These funds are used to finance the country’s urgent social and humanitarian needs, providing citizens and the economy with the resources necessary for sustainability and further development.
