External financing to reach USD 10.2 billion in 2024 - Minister of Finance

External financing to reach USD 10.2 billion in 2024 - Minister of Finance

Kyiv  •  UNN

April 10 2024, 12:59 PM • 21758 views

In 2024, Ukraine received $10.2 billion in external financing from international partners, including the US, EU, Japan, Canada, IMF, UK, and Norway.

Since the beginning of this year, Ukraine has received $10.2 billion in external financing. This was announced by Finance Minister Sergiy Marchenko on Facebook, UNN reports

Details 

Marchenko said that measures to support budget liquidity in the first quarter of this year allowed to increase revenues to the state budget by the equivalent of USD 5.4 billion.

"At the same time, in the context of a full-scale war, when the aggressor has much greater resources and causes millions of losses to Ukraine every day, international support is critical. In 2024, external funding will reach USD 10.2 billion," the minister wrote.

Marchenko thanked the EU, Japan, Canada, the IMF, the UK, and Norway for their budget support, which is directed to the country's priority social needs. 

The minister also expects that the US Congress will soon support the aid package that we need to win the war.

According to Prime Minister Denys Shmyhal, in March of this year, the budget of Ukraine received $9 billion in external financing. However, the main challenge remains external support for the budget in the second half of 2024 and for the next year.