Ukraine receives over $40 bln in external financing in 2023 – Ministry of Finance
In 2023, Ukraine received external funding totaling $42.5 billion, of which $11.6 billion (27%) was non-repayable grant assistance, the Ministry of Finance reported.
"Long-term concessional loan financing was attracted for a total of $30.9 billion, including from the EU ($19.5 billion), IMF ($4.5 billion), Japan ($3.4 billion), Canada ($1.8 billion), Great Britain ($1 billion), the World Bank ($660 million million), and Spain ($50 million)," the report says.
Grant assistance was provided by the USA, Japan, Norway, Germany, Spain, Finland, Switzerland, Ireland, Belgium, and Iceland.
"Funds from the EU were raised as part of macro-financial assistance. Loans under EU macro-financial assistance programs have a 35-year repayment period (including a 10-year grace period), and the costs of servicing them are reimbursed by the EU," the Ministry of Finance said.
At the end of 2023, the weighted average cost of public and government-guaranteed debt was 6.24%, down 1.4 percentage points compared to the previous year, the ministry added.
At the same time, over the past year, the weighted average period until repayment of the public and guaranteed debt of Ukraine increased by more than 2 years, to 10.56 years.
In general, in 2023, the total volume of public and state-guaranteed debt of Ukraine increased in hryvnia equivalent by UAH 1.4 trillion, and in U.S. dollar equivalent - by $33.9 billion, mainly due to an increase in long-term preferential financing from international partners.
As of December 31, 2023, Ukraine's public and state-guaranteed debt amounted to UAH 5.5 trillion, or $145.3 billion.