In November 2024, the general fund of the State Budget of Ukraine received about USD 6.4 billion of concessional external financing:
USD 4.8 billion - a loan from the World Bank, which was made possible by a USD 1.6 billion grant from the United States and funds from other development partners;
USD 1.35 billion - a grant from the United States;
USD 235 million - concessional financing from Japan;
USD 100 million - loan from the Republic of Korea;
EUR 10.8 million - grant from Norway from the World Bank's Multi-Donor Trust Fund for co-financing the Second Development Policy Loan for Economic Recovery for Ukraine.
The loan of USD 4.8 billion was attracted through the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE in Ukraine) project. The funds are used to compensate for basic social and humanitarian expenditures.
The grant from the United States came through PEACE in Ukraine to reimburse priority social and humanitarian expenditures of the State Budget, in particular, to ensure the payment of salaries to teachers.
USD 235 million in concessional financing from the Government of Japan was attracted under the World Bank's new systemic projects Resilient, Inclusive and Sustainable Enterprise Program (RISE) - USD 130 million and Lifting Education Access and Resilience in Times of Need (LEARN) - USD 105 million.
Also in November, the State Budget of Ukraine received the first concessional financing from the Government of the Republic of Korea. The funds will be used to support social services.
EUR 10.8 million was received under the World Bank's PEACE in Ukraine project to reimburse social expenditures, including old-age social payments.
International support is a significant contribution to maintaining the country's financial stability under martial law. In total, since the beginning of the full-scale war, direct budget support has reached USD 105.9 billion.
The Ministry of Finance is committed to an accountable and transparent funding process. Together with USAID's State-Owned Enterprises Reform Activity (SOERA) and DBS Audit Activity, it monitors the use of direct budget support from the US Government. Additionally, with auditing firm PriceWaterhouseCoopers Ukraine, an agreed-upon procedures review is being conducted to verify eligible government expenditures made by Ukraine under the PEACE in Ukraine project.