Ukraine could receive more than $50 billion this year if key condition is met
Photo: when Ukraine could receive $53 billion (facebook.com/NationalBankOfUkraine)
Ukraine could count on around $53 billion in external financing in 2026. However, access to these funds will depend on fulfilling commitments made to international partners, National Bank of Ukraine Governor Andriy Pyshnyy said.
Under Pyshnyy’s baseline scenario, total external financing for the state budget this year is expected to amount to around $53 billion. The funding includes resources from the EU’s Ukraine Support Loan program, the ERA Loans mechanism, the Ukraine Facility, and support from the IMF.
Pyshnyy stressed that the key condition is Ukraine’s fulfillment of obligations under these programs.
"Our baseline scenario assumes these commitments will be met. I see that colleagues in the government understand the importance of this, because these resources are needed to support defense capabilities and cover social obligations," Andriy Pyshnyy said.
The NBU governor also stated that funds under the Ukraine Support Loan program could arrive within the next few weeks.
The National Bank emphasized that the projected $53 billion would be sufficient to cover the budget deficit even if it expands further. However, financial stability directly depends on meeting the conditions set by international partners.
Earlier, the Council of the European Union approved a €90 billion loan package as part of support for Ukraine, with €45 billion expected to be allocated in 2026.
The first tranche from the €90 billion EU loan package could be transferred to Ukraine as early as next week.
RBC-Ukraine previously reported that further financing will depend on Ukraine fulfilling partner requirements, which traditionally include expanding the tax base, reducing the shadow economy, and strengthening budget sustainability.
In addition, the IMF announced that a mission will arrive in Ukraine in the coming weeks to assess the implementation of economic reforms under the $8.1 billion loan program. The review will focus on tax policy, domestic resource mobilization, and progress in meeting obligations tied to international financial support for Ukraine.
