The Ukraine Facility has already allocated \u20ac12.1 billion to the state budget. It is expected that, by the end of 2024, EU budget support will total \u20ac16 billion.<\/p>\n
Ukrainian Finance Minister Serhiy Marchenko and World Bank Regional Director for Eastern Europe Bob Som signed financing agreements under the Bank\u2019s Growth Foundations Development Policy Loan (DPL) program<\/strong>. The total amount of the signed agreements equates to $2 billion.<\/p>\n On Dec. 24, the state budget received a tranche of $1 billion under the Second Growth Foundations Development Policy Loan (DPL) Program. It also received the seventh tranche of about $1.1 billion (834.9 million in Special Drawing Rights (SDR)) from the IMF under the four-year Extended Fund Facility (EFF) <\/strong>program.<\/p>\n Another $1 billion grant was received from the US within the framework of the World Bank\u2019s Second Growth Foundation Development Policy Loan (DPL) Program.<\/p>\n This is the first tranche of the ERA loan<\/strong>.<\/p>\n The G7 agreed to provide Ukraine with a $50 billion loan backed by interest profits generated from Russian assets. The loan is destined to finance Ukraine in 2025. A total of $40 billion is already confirmed from the US, EU, Japan and the UK.<\/p>\n Since the beginning of the full-scale invasion, all domestic revenues of Ukraine\u2019s state budget have been allocated to defense spending, which accounts for approximately half of the budget. All civilian expenditures of the state budget are financed through foreign financial aid. In 2024, Ukraine\u2019s need for such external financing has amounted to $38 billion, according to the Centre for Economic Strategy\u2019s war economy tracker.<\/p>\n Source: Kyiv Post.<\/a><\/p>\n![\"\"](\"https:\/\/static.kyivpost.com\/storage\/2024\/12\/25\/118816d9fde57fba1ab4ec55aa31db9f.png?w=1280&f=webp\")
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