Ukraine still needs $60 bln in external financing for 2026-2027
MOSCOW. Oct 16 (Interfax) - The pressure on Ukraine's public finances remains acute, with around $60 billion in external financing needs for 2026-2027 yet to be covered, Ukrainian media quoted Finance Minister Sergei Marchenko as saying during the eighth meeting of the Ministerial Roundtable on Support for Ukraine in Washington on October 15.
"To ensure the sustainability of public finances in 2026-2027, it is necessary to mobilize additional resources," the media quoted him as saying in a Finance Ministry press release.
The ministry is working with the governments of partner countries to agree on all the details and launch the Reparations Loan mechanism, which involves using frozen assets to fund Ukraine's priority needs. Marchenko said it was necessary to reach a political agreement on the use of these assets in the near future.
Work is also well underway with the IMF to develop a new cooperation program that will best reflect Ukraine's current and medium-term priorities. It will include measures aimed at supporting stability, financing critical expenditures, and restoring public debt sustainability.
Marchenko thanked the partners for their financial support, which has exceeded $152 billion since February 2022, and is already $36.9 billion in 2025.
The roundtable discussed support for the energy sector in addition to the need to finance the state budget for 2026-2027.
The event was co-chaired by the Ukrainian government, the World Bank Group and the International Monetary Fund.
Marchenko previously estimated the Ukrainian budget's external financing needs in 2026 at $45.5 billion, and total external financing for the duration of the new four-year program with the IMF at $150-$170 billion.
The current four-year EFF program with the IMF of $15.6 billion, approved in March 2023, initially provided for total external financing for Ukraine with the participation of international partners of $115 billion in the baseline and $140 billion in the worst-case scenario, but as the crisis dragged on, these figures were increased to $153 billion and $165 billion, respectively.
