The Ministry of Finance of Ukraine has attracted $1.2 billion in grants and preferential financing to the general fund of the state budget from international partners in the first two months of 2024, the department’s website reported on Thursday.

"Grant funds... amounted to almost 75%. Among the donors are Japan - $901 million (concessional financing and grants), Norway - $295 million (grants), Spain - $3 million (concessional financing)," the release notes.

It is clarified that all funds for the first two months of 2024 went to the state budget through World Bank projects.

Finance Minister Serhiy Marchenko, speaking at a meeting of the G7 financial bloc on February 28, said that Ukraine’s monthly need for external financing this year is about $3 billion. In the 2024 state budget, it is planned in the amount of $37.3 billion, the IMF mission in a recent report estimated the need at $38 billion, and previously announced $42 billion.

Marchenko recalled that since the beginning of the war, financial support from the G7 countries and the EU amounts to about $63 billion.

“It is expected that in March 2024, the state budget of Ukraine will receive financial assistance from the European Union, Japan and Great Britain, as well as from the IMF, upon the successful third review of the cooperation program, which must be approved by the executive board of the fund,” the Ministry of Finance indicated.

Previously, he indicated that in March EUR 4.5 billion is expected from the EU, about $880 million from the IMF and $1.76 billion from Japan, that is, a total of about $7.5 billion.