In the first five months of 2025, Ukraine attracted nearly $18 billion in international financial support in the form of concessional loans and grants. According to the National Bank’s report, by the end of the year, this amount could increase to $55 billion, provided that obligations to international partners are fulfilled on time, primarily under the programs of the International Monetary Fund and the Ukraine Facility.
This is reported by Business • Media
Expectations for Increased Aid Volumes
The increase in external aid volumes is possible due to the faster disbursement of tranches under the ERA mechanism, as well as planned support from the European Union under the Ukraine Facility program. By June, Ukraine expects another tranche related to the eighth review of the cooperation program with the IMF.
“By the end of the year, this amount could rise to $55 billion. This will primarily happen due to the accelerated disbursement of tranches under the ERA mechanism and the planned support from the EU under the Ukraine Facility program. Timely and complete fulfillment of obligations to partners, especially under the IMF program and the Ukraine Facility, is necessary for this.”
Ukraine’s International Reserves at Historical High
The active inflow of external funds allows Ukraine to increase its international reserves. As of early June 2025, reserves reached $44.5 billion, and the NBU’s forecast for the end of the year is around $58 billion. Both figures significantly exceed the composite criterion set by the IMF, which defines the minimum necessary level of reserves. At the same time, the NBU notes that a gradual decline in accumulated reserves may occur in the future, as they will be used to ensure the stability of the currency market in the coming years when the volumes of external support may decrease.