Ukraine receives almost $37.4B in international aid this year

Ukraine receives almost $37.4B in international aid this year

Ukrinform
Since the beginning of the year, Ukraine has received almost $37.4 billion worth of international aid, including over $4.7 billion in October-November.

The National Bank of Ukraine said this in its monthly macroeconomic and monetary review, Ukrinform reports.

"In October-November, the deficit of the state budget, without taking into account grants in revenues, was expanding. In January-November 2023, the deficit exceeded UAH 1.45 trillion (UAH 1.045 trillion including grants). Budgetary needs, as before, were primarily financed by international aid (almost $37.4 billion since the beginning of the year, including more than $4.7 billion received in October-November)," the review said.

Read also: Biden to Congress: Aid to Ukraine cannot wait

At the same time, the domestic borrowing market also revived. In particular, the amount raised from the placement of domestic government bonds in the hryvnia exceeded the amount of the first months of 2023 (when the government bond benchmark was introduced to meet mandatory reserve standards). The attractive yield of government securities contributed to the revival of the market.

International aid to Ukraine has exceeded EUR 113 billion since Russia's invasion of Ukraine began in February 2022. Ukraine expects to receive $42 billion in international aid in 2023 and at least $37 billion in 2024.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-