In 2024, the European Union became the largest donor of financial assistance to Ukraine, having provided $17.3 billion under the Ukraine Facility instrument.
The relevant statement was made by the Finance Ministry.
“The European Union provided Ukraine with the largest amount of financial assistance under the Ukraine Facility for 2024-2027. The total amount of support reached $17.3 billion, of which $3.2 billion were grants,” the report states.
The United States took the second place with $8.3 billion provided as grants. The International Monetary Fund (IMF) was ranked third among Ukraine’s donors, with $5.3 billion provided in concessional financing.
Meanwhile, Japan provided $4.3 billion in financing for 10 projects through the World Bank, including a $1.4-billion guarantee to support development and recovery policies, $899 million in loans under the INSPIRE project to provide social protection for the poor and vulnerable in Ukraine and a $465-million grant under the PEACE in Ukraine project.
A significant portion of financial assistance came from the Word Bank ($3.2 billion), Canada ($1.8 billion) and the United Kingdom ($1 billion).
Additionally, Ukraine received financial assistance from Norway, the Republic of Korea, Spain and the Council of Europe Development Bank.
For the first time, the Republic of Korea has provided $100 million in budget support to Ukraine through concessional financing to support social services.
According to the ministry, international assistance allowed Ukraine to fully cover social and humanitarian expenditures, while all domestic financial resources were directed to the security and defense sector.
Overall, since the Russian full-scale invasion started, international partners have provided $115.2 billion in budget support to Ukraine. (Ukrinform)