In October, the general fund of the state budget of Ukraine received about $1.4 billion of concessional external financing: from IMF – $1.1 billion and from Canada – $300 million.
Ukraine received funds from the International Monetary Fund as a result of the successful fifth review of the Extended Fund Facility (EFF) Arrangement. Ukraine has performed all structural benchmarks that were envisaged for the fifth review and two more ahead of schedule.
Funding in the amount of almost $300 million from Canada is provided under the Fourth Additional Agreement with the Government of Canada to attract the loan. The funds are provided on concessional terms: 10-year term and interest rate – 1.5% per annum. The grace period is 4.5 years from the date of receipt of funds.
In total, in 2024, external financing reaches $25.9 billion, of which grants amount to $6.6 billion. And since the beginning of the full-scale invasion, Ukraine has received more than $99.4 billion.
International support is a significant contribution to maintaining the country’s financial stability under martial law. The funds are directed to finance priority social and humanitarian expenditures of the state budget. (Government portal)