20 Feb 2024 12:47

Ukraine received over $40 bln in external financing in 2023 - Finance Ministry

MOSCOW. Feb 20 (Interfax) - Ukraine received $42.5 billion of external funding, 27% or $11.6 billion of it in the form of grants, in 2023, Ukrainian media reported, quoting a Finance Ministry statement.

"Long-term preferential loan financing of $30.9 billion was raised, including $19.5 billion from the EU, $4.5 billion from the IMF, $3.4 billion from Japan, $1.8 billion from Canada, $1 billion from the UK, $660 million from the World Bank and $50 million from Spain," the statement said.

Grants were provided by the United States, Japan, Norway, Germany, Spain, Finland, Switzerland, Ireland, Belgium and Iceland.

"Funds from the EU were raised as macro-financial assistance. Loans under EU macro-financial assistance programs are repayable in 35 years, including a 10-year grace period, and servicing costs are reimbursed by the EU," the ministry said.

The weighted average cost of public and government-guaranteed debt was 6.24% in 2023, down 1.4 percentage points from 2022, it said.

The weighted average maturity of public and guaranteed debt increased by more than two years, to 10.56 years.

Total public and state-guaranteed debt went up UAH 1.4 trillion in local currency and $33.9 billion in dollar equivalent in 2023, mainly due to the increase in long-term preferential financing by international partners.

Ukraine's public and guaranteed debt amounted to UAH 5.5 trillion, or $145.3 billion, as of December 31, 2023.