According to Ukrainian Financial Ministry, on 23 October Ukraine received the ninth tranche of €1.5 billion from the European Union as part of the EU's large-scale macro-financial assistance (MFA) for 2023.
This year, the state budget has already received €15 billion of concessional MFA loans. Under the current programme, funding totalling up to €18 billion is provided this year.
The IFD is provided on unprecedentedly favourable terms and is used to finance priority expenditures of the state budget of Ukraine. The loan has a maturity of 35 years, and the EU will compensate Ukraine for interest and other loan servicing fees instead of Ukraine.
Minister of Finance Serhiy Marchenko said that since the beginning of Russia's full-scale invasion, our country has received €22.2 billion in direct budget support from the EU.
Two more tranches are expected by the end of this year, taking into account the level of Ukraine's compliance with the structural policy conditions agreed by the parties.