Ukraine's external budgetary financing needs 'fully secured' for 2025, Shmyhal says
Ukraine's external financing needs to cover the country's budgetary deficit are fully met for 2025, Prime Minister Denys Shmyhal said on May 6.
External financing
Japan signs deal on $3 billion for Ukraine under G7 loan
Japan's funds will be disbursed over 30 years and directed toward budgetary needs and to support reconstruction and development.
Ukraine receives $400 million tranche from IMF
The funds represent the latest tranche of the Extended Fund Facility (EFF) program, which will provide Kyiv with $15.6 billion in budget support over four years. With the additional $400 million in funding, the program has now distributed $10.1 billion in financing to Ukraine.
IMF approves $400 million in funding for Ukraine
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $400 million in funds for Ukraine via the Extended Fund Facility (EFF), the IMF announced on March 28.
EBRD approves $290 million loan for Ukraine's gas
The European Bank for Reconstruction and Development (EBRD) on March 26 approved a loan of 270 million euros ($290 million) for Ukraine's Naftogaz to purchase gas for the next two winters, Prime Minister Denys Shmyhal said.
Ukraine receives $970 million from UK under G7 loan covered by Russian assets
"The funds will go towards strengthening Ukraine's defense capabilities," Prime Minister Denys Shmyhal announced on March 7.
Ukraine receives first $1 billion as part of US batch of frozen Russian assets profits
This is the first tranche of the planned $20 billion that the U.S. intends to provide as part of the G7 initiative.
Ukraine receives $1.1 billion from IMF
The funds come as already the sixth tranche disbursed to Ukraine under the IMF's Extended Fund Facility (EFF) program, raising the amount provided so far to $9.8 billion.
New IMF forecast predicts war in Ukraine ending in late 2025 or 2026
The International Monetary Fund’s (IMF) updated projections for Ukraine outline two scenarios regarding Russia’s ongoing war.
IMF approves $1.1 billion in funding for Ukraine
The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
Ukraine begins receiving first funds covered by frozen Russian assets proceeds
Ukraine is already receiving U.S. funds under the framework of the G7's $50 billion loan covered by profits from frozen Russian assets, Prime Minister Denys Shmyhal said on Dec 20.
World Bank approves over $2 billion in funds for Ukraine
The funding includes a $1 billion grant from the new $20 billion U.S. loan backed by frozen Russian assets. Another $1.05 billion is supported by the U.K. and Japan.
Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue
Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4.
Ukraine receives $4.8 billion from World Bank
Ukraine has received a $4.8 billion loan from the World Bank through the PEACE project, Prime Minister Denys Shymhal said on Nov. 27.
Ukraine's foreign budget support surpasses $100 billion since start of full-scale war
Since the start of Russia's full-scale invasion in February 2022, Ukraine has received over $100 billion in foreign-backed external financing to support Ukraine's state budget, the country's finance ministry announced on Nov. 15.
Ukraine receives $1.35 billion US grant for humanitarian, social programs
Ukraine has received a $1.35 billion grant from the U.S., which will be allocated to humanitarian and social programs, Prime Minister Denys Shmyhal announced on Nov. 13.
EU preparing to raise up to 40 billion euros in loans for Ukraine without US, FT reports
The EU is preparing to gather up to 40 billion euros ($44.5 billion) in loans for Ukraine as Budapest keeps disrupting plans on a joint loan with the U.S., the Financial Times reported on Sept. 16, citing sources and a draft proposal.
Ukraine, IMF reach preliminary deal to give Kyiv access to around $1.1 billion
The IMF team led by Gavin Gray held week-long negotiations with the Ukrainian authorities in Kyiv on the fifth review of the country's 4-year Extended Fund Facility (EFF) program. The EFF is a four-year funding agreement that will allow Ukraine to access $15.6 billion in financial aid in regular installments.
Explainer: Ukraine’s $15 billion IMF loan program
Maxwell Kushnir is a research analyst at the IMF. The contents of this article do not represent the views of any entity associated with the IMF, including staff, management or members of the Executive Board. Only publicly available data is used. Russia’s invasion has caused untold devastation across Ukraine,
Ukraine needs to increase external financing by $12-15 billion in 2025, Finance Ministry says
"The intensity of hostilities and the risks of a prolonged war, as well as the systematic growth of security and defense sector expenditures, are the key factors that influence the growth of financial needs," Deputy Finance Minister Olha Zykova said.
Kyiv receives $4.6 billion from EU under Ukraine Facility program
Ukraine has received 4.2 billion euros ($4.6 billion) as part of the EU's four-year financial support program, Prime Minister Denys Shmyhal said on Aug. 13.
Ukraine needs additional $12-15 billion from partners in 2025 'because the war will continue,' finance minister says
"Now we are constantly discussing with our partners that we need additional financial assurance because the war will continue in 2025, and we need to have a buffer," the minister said. According to Marchenko, the current pledges from partners will not be sufficient.
Ukraine receives $2.2 billion from IMF
"These funds will help finance critical budget expenditures, social benefits, and the salaries of doctors and teachers," Prime Minister Denys Shmyhal said.
Ukraine needs $9.5 billion for rapid recovery in 2024
Ukraine needs $9.5 billion for rapid recovery this year, namely in the defense industry, energy, housing, agricultural, natural resources, and the IT sector, the Finance Ministry said on June 20.
Ukraine to receive $2.2 billion from IMF's Extended Fund Facility
Ukraine is set to receive $2.2 billion from the IMF's Extended Fund Facility (EFF), Prime Minister Denys Shmyhal announced on social media on May 31.
Ukraine expects $38 billion in external financing after fulfilling IMF requirements
Foreign aid is crucial for Ukraine as the economic pressure caused by the full-scale Russian invasion mounts. The besieged country received $42.5 billion in external financing last year, allowing it to function amid the ongoing war.
IMF: Ukraine needs $42 billion in budget support for 2024
Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion.
Ukraine Business Roundup — April 2
The following is the April 2, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion
Zelensky calls with Japanese PM, discusses economic cooperation
President Volodymyr Zelensky thanked the Japanese prime minister for more than $12 billion in assistance that Tokyo has already provided since the start of the full-scale war, in addition to further support pledged for 2024.
Ukraine to receive $1.5 billion development loan from World Bank
Ukraine will receive a $1.5 billion loan through the World Bank under its "Growth Foundations" Development Policy Loan (DPL) program, Ukraine's Finance Ministry announced on March 26.
Shmyhal: Ukraine receives $880 million from IMF
The disbursal was the third such tranche of the Extended Fund Facility (EFF), bringing the total distributed so far to $5.4 billion.
Monthly chart: Ukraine struggles to cover budget needs for 2 months in a row as foreign financing dwindles
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Ukraine's budget struggles with low amounts of foreign aid in 2024 Ukraine's state budget financing needs compared with foreign budget
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