Koretskyi on External Financing: Ukraine Needs Over $52 Billion for 2027

Serhii Koretskyi, Ukraine's Prime Minister, disclosed on Telegram that the nation requires over $52 billion in external budget financing for 2027. He engaged in discussions with representatives from the World Bank, IMF, EU, and G7 nations regarding this necessity. Nearly $20 billion of this amount is already secured through agreements with the EU, IMF, and Japan; however, an additional $32.6 billion (€30 billion) remains to be obtained.

Koretskyi emphasized that Ukraine's defense capabilities, pension payments, and support for hospitals and businesses depend on these funds. The Prime Minister further highlighted that defense and security expenses alone will account for nearly 44% of Ukraine's GDP in the upcoming year, necessitating additional resources for the Defense Forces, estimated at $45 billion (€40 billion).

The Cabinet of Ministers is currently working on finalizing all necessary decisions for continued financing, with parliament set to review bills under the IMF, World Bank, and EU support programs. In a ministerial roundtable conducted via video link from Kyiv during the annual IMF and World Bank meetings, Koretskyi pointed out that Russia's sustained attacks on critical infrastructure, businesses, production facilities, and civilian sites have led to a forecasted $1.5 billion decrease in tax revenue by the year's end.

The Prime Minister expressed gratitude to partners for identifying sources to cover Ukraine's 2026 needs and specifically thanked the EU for the $90 billion Ukraine Support Loan for 2026-2027. The European Commission had previously transferred €2.86 billion to Ukraine under the defense component of the expanded Ukraine Support Loan program.