Ukraine has recently secured $1.5 billion in funding from the World Bank, as announced by Prime Minister Denys Shmyhal. This funding will help Ukraine cover its budget and social spending as it continues to defend itself against the Russian invasion. The new block of World Bank aid, funded by Britain and Japan, includes $984 million from Japan and $516 million from the UK. These funds will be used for budget spending on social and humanitarian needs, as well as reconstruction efforts. In addition to the World Bank funding, Ukraine also received a 4.5 billion euro first tranche of aid under a European Union bridging finance programme in March. With most of its own revenues being allocated towards defense efforts following the Russian invasion, Kyiv relies on funding from Western partners to cover its social spending.
The Finance Ministry stated that external financing reached $10.2 billion in 2024 and $83.8 billion since the beginning of the full-scale war. This international assistance is crucial in financing the priority social expenditures of the state budget of Ukraine. The support from various countries and organizations is essential for Ukraine as it continues to navigate the challenges posed by the ongoing conflict.
Ukraine heavily relies on financial aid from its Western partners, particularly in covering its social spending since most of its own revenues are being allocated towards defense efforts following the Russian invasion. While foreign financing decreased in the first two months of the year, Ukraine managed to secure about $9 billion in external financing in March from various donors including
