5 Dec 2023 18:59

Ukraine received $37 bln external financing in 11M - PM

MOSCOW. Dec 5 (Interfax) - Ukraine received $37.4 billion in external financing in January-November 2023, Ukrainian media reported, quoting Prime Minister Denis Shmygal.

"Ukraine received $37.4 billion in external financing in 11 months, of which about $2 billion in November. This includes macro-financial assistance from the EU, funds from the IMF, loans from Canada, the IBRD, the World Bank and other assistance," Shmyhal said at a government meeting on Tuesday. Footage of his speech was posted on his Telegram channel.

Shmygal said grants were especially important for Ukraine, as they made is possible to cover current expenditure and invest in development without accumulating debt.

"Ukraine received about UAH 405 billion in grants in January-November, mostly from the United States, Germany, Spain, Finland, Ireland and other partner states," he said.

Ukraine raised $14 billion through World Bank funds in 2023, Shmygal said.

He said the government was now starting two more important projects with the World Bank with the support of the Japanese government: $550 million of financing for the agricultural sector and $1.2 billion for social needs.