More than 50% of Ukraine’s external financing needs have already been covered, said Finance Minister Serhiy Marchenko during a meeting of the financial bloc of G7 countries in Paris. The event was attended by finance ministers and central bank heads of the G7, as well as leaders from the International Monetary Fund, the World Bank, and the European Commission.
This is reported by Finway
Ukrainian budget and the challenges of war
Marchenko emphasized that international financial support remains critically important for ensuring the functioning of the state, maintaining macro-financial stability, and funding social and humanitarian programs. The minister reminded that the economic situation in Ukraine remains challenging: in the first quarter of 2026, a decline in GDP was recorded, and in April, after a prolonged slowdown, inflation rose again. At the same time, the state budget demonstrates positive dynamics — revenues for the first four months of 2026 increased by 17.2% compared to the same period last year.
Financing needs and the role of international partners
The total volume of Ukraine’s external financing needs for 2026-2027 amounts to 95 billion US dollars, of which 52 billion has already been secured in 2026. Marchenko called for the development of mechanisms for urgent financing of the country’s energy infrastructure recovery.
“According to Serhiy Marchenko, Ukraine’s total need for external financing for 2026-2027 is 95 billion US dollars, of which 52 billion in 2026 has already been secured,” the Ministry of Finance’s press service quoted.
The minister also highly appreciated the EU partners’ decision regarding the Ukraine Support Loan (USL), which will become a key instrument for supporting macro-financial stability in 2026 and 2027. An IMF mission is expected to arrive in Ukraine soon to prepare for the review of the Extended Fund Facility program. In addition, Marchenko urged partners to create the necessary conditions for using frozen Russian assets for the benefit of Ukraine.
Meeting participants confirmed that Ukraine demonstrates responsible management of public finances, supports the functioning of the economy, and adapts to the challenges of war, which enhances the trust of international partners and serves as a basis for further assistance.
On April 23, the EU Council unanimously approved changes to the multiannual budget of the European Union necessary for providing Ukraine with a loan of 90 billion euros, and also approved the twentieth package of sanctions against Russia. After the loan approval, President Zelensky announced that preparations are underway to receive the first tranche of this support as early as May-June.