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The amount of international financing of Ukraine’s budget exceeds $50 billion

Photo: Press Service of the President of Ukraine

This week, Ukraine received another tranche of 1.5 billion euros from the EU as part of the macro-financial assistance program since the beginning of the year.

Since the beginning of the war, the amount of international support to finance the budget has exceeded $50 billion. This was announced by the Chairman of the Verkhovna Rada of Ukraine Committee on Finance, Tax and Customs Policy, Secretary of the National Council for the Restoration of Ukraine from the Consequences of War Daniil Getmantsev.

“This week, Ukraine received another tranche of 1.5 billion euros from the EU as part of the macro-financial assistance (MFA) program since the beginning of the year. This is the fourth tranche since the beginning of the year, current revenues under the program in 2023 will cost $ 7.5 billion., for the total of 2023 – 18 billion euros.

Hetmantsev recalled that MFD are preferential loans given on exceptional terms (loan term – 35 years, extension period for service – 10 years, interest payment is provided at the expense of the EU in case of meeting the terms of the memorandum and implement the reforms) . IFD funds are directed to priority non-military costs, mainly to support citizens (social sphere).

“Taking into account this tranche, international support for budget financing has reached $18.4 billion since the beginning of 2023, and $50.5 billion since the start of the full invasion (of which $19.2 billion are grants – non-repayable financial assistance). This is an unprecedented level of assistance, but Ukraine is suffering greater unprecedented losses due to the war and the genocide unleashed by the Russian Federation,” added Hetmantsev and thanked the citizens of countries that, not in word but in deed, are helping Ukrainians to fight for. freedom

Earlier, the EBRD called for the necessary amount of investment for the rapid recovery of Ukraine in the next five years.

EBRD to give Ukraine an additional 1.5 billion euros – media
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Source: korrespondent

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