The NBU in its macroeconomic forecast anticipates the continuation of significant external financial support, particularly in 2025. However, the volumes and pace of inflows may fluctuate.
This is stated in the NBU's Inflation Report available on the regulator's website.
What USAID is funding in UkraineUSAID in Ukraine has suspended funding for all projects. The infographic shows where the funds were allocated.It is reported that international assistance will remain at a high level with a gradual decrease (as the economic situation normalizes).
According to the forecast, Ukraine will receive funding amounting to $38.4 billion in 2025, $25 billion in 2026, and $15 billion in 2027.
In 2025, the bulk of funding will come through the Extraordinary Revenue Acceleration (ERA) Loans for Ukraine mechanism, while the remaining funds will be received in subsequent years, as stated in the report.
The advantage of the ERA is that it is non-repayable assistance, and its repayment will occur through revenues from immobilized Russian sovereign assets.
The NBU also noted that the volumes of international assistance could be increased or brought forward. Additionally, Ukraine's losses may be partially compensated from the principal amount of frozen Russian assets.
The report highlights that the likelihood of not receiving the expected financial assistance this year is low; however, the level of uncertainty remains high for the coming years.
We remind you that in January, the USA suspended funding for most foreign aid programs for 90 days, including support for Ukraine. Military assistance to Ukraine was not halted.
The American Agency for International Development USAID in Ukraine received an order to suspend all projects and their expenditures. The Rada has already begun consultations with the EU about replacing assistance from USAID.
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