Ukraine Donor Platform meeting discusses Ukraine's budget needs for 2027

The 18th meeting of the Ukraine Donor Platform Steering Committee took place in Lviv on 10 November. The Platform was established to coordinate international assistance and address Ukraine's urgent needs and long-term recovery.

The Platform brings together 25 permanent and temporary members and observers, as well as eight participants, including international financial institutions, the OECD and the UN.

At the meeting, participants discussed with partners Ukraine's budget needs for 2027-28, reforms on the path to EU accession, economic resilience and priority needs, preparations for winter, and the organization of URC2027 in Tallinn.

The event was opened by Prime Minister of Ukraine Sergii Koretskyi. "It is critical that we reach clear agreements on financial support for Ukraine for 2027 by late November. We highly value the European Union's leadership and count on joint decisions by all international partners to cover our financial needs. It is also essential to ensure continued funding in 2028," the Head of Government said.

Platform Co-Chair and Minister of Finance Serhii Marchenko outlined the state of the financial system and key needs for 2027: "The Government of Ukraine continues to finance all priority expenditures and fulfil its obligations. At the same time, russian attacks on energy, production, and logistics are increasing the pressure on the economy and public finances. Our joint task with our partners is to timely provide the necessary resources for 2027, preserve macro-financial stability, and support Ukraine's resilience. We count on the EU's support in covering two thirds of Ukraine's financial needs, and we are also actively working with other donors. We continue to insist on using frozen Russian assets. Ukraine's position remains unchanged: the aggressor must bear financial responsibility for its war."

Vsevolod Chentsov, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine, stressed: "We are grateful to each of our international partners for their consistent and steady financial support for Ukraine during Russia's ongoing aggression. At the same time, our first priority is to complete all outstanding commitments for 2026, above all those on funding, EU accession and improving the business climate. Ukraine is focusing its efforts on implementing reforms, primarily in the rule of law, in order to receive a positive European Commission report on the assessment of the IBAR interim benchmarks."

He also emphasized the joint Ukraine-European Commission Task Force, which is established to speed up the reforms needed to meet the interim benchmarks (EU accession conditions) under negotiating chapters 23, "Judiciary and Fundamental Rights," and 24, "Justice, Freedom and Security."

Oleksandr Kravchenko, Minister of Economy and Environment of Ukraine, said: "Today, the key task is to ensure the resilience of Ukraine's economy under constant Russian attacks. Businesses suffer losses every day and face limited access to financing and high war risks. That is why our priorities are protecting production capacity, preserving jobs, affordable lending and restoring critical infrastructure. To this end, we are working on launching the First Loss Fund, expanding war risk insurance and implementing the Industrial Ramstein initiative. Our goal is to mobilize international resources and turn them into concrete tools for supporting businesses. After all, Ukraine's economic resilience today means the ability of businesses to keep operating, preserve production and invest in growth even in wartime."

Vitalii Bezhin, Minister for Communities, Territories and Internally Displaced Persons of Ukraine, outlined the Ministry's tasks and the urgent needs of recovery: "This summer, the Government brought regional policy, local self-government, housing policy and IDP policy together in our Ministry. Now a person forced to flee the war has one address in the Government. We are changing our approach to evacuation: it should end not at a transit center, but when a person has settled in a new place. Besides transit centers and other support for the evacuation cycle, a critical issue for Ukraine is housing. This means social housing and all components of the eVidnovlennia program. According to RDNA5, housing remains one of the hardest-hit sectors, accounting for 31% of total damage. Rebuilding the housing sector will require about $90 billion over the next ten years."

The meeting was attended by the Platform's co-chairs: Gert Jan Koopman, Director-General of the European Commission's Directorate-General for Enlargement and Eastern Neighbourhood (DG ENEST), and Nicole Otallah, Acting Coordinator for U.S. Assistance to Europe, Eurasia and Central Asia at the U.S. Department of State. Also present were Muriel Lacoue-Labarthe, France's Special Envoy for Ukraine's Recovery and Reconstruction; representatives of the Ministry for Recovery, Infrastructure and Transport, the Ministry of Energy and the Ministry of Defense of Ukraine; and more than 100 representatives of Platform member countries, the European Commission and international financial institutions.

On the sidelines of the Steering Committee meeting, participants also held a separate meeting with representatives of the Lviv community to discuss how the community is responding to the challenges of war, adaptation strategies and prospects for further development.

The next Steering Committee meeting will take place on the sidelines of URC2027 in Tallinn, Estonia, in January.

Background 

The Ukraine Donor Platform’s Steering Committee consists of senior officials from Ukraine, the G7 countries and the European Union. International financial institutions and organizations also take part in its meetings as active participants.

The Platform has 25 permanent and temporary members and observers. The permanent members are Ukraine and the G7 countries (Canada, France, Italy, Germany, Japan, the United Kingdom, the United States) and the European Union. The seven temporary members are Denmark, Estonia, the Republic of Korea (South Korea), the Netherlands, Norway, Poland and Sweden. Nine countries have observer status: Austria, Belgium, Iceland, Spain, Latvia, Lithuania, Luxembourg, Finland and Switzerland. Eight international financial institutions and organizations also take part in its work.