Ukraine Receives IMF Support Amid Ongoing Conflict

Strategic Insights -

The latest developments in Ukraine's ongoing conflict came as Minister of Finance Sergii Marchenko met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss priority reforms for strengthening Ukraine's financial stability. The meeting occurred on the sidelines of the G7 Finance Track meeting in Canada. Ukraine has made significant progress in implementing reforms, completing seven reviews under the Extended Fund Facility Program, and mobilizing domestic budget revenues, with the IMF mission conducting the eighth review from May 20 to 27. This review is expected to lead to the disbursement of approximately USD 487 million to Ukraine.

Key Takeaways:

  • Ukraine has completed seven reviews under the Extended Fund Facility Program, with an unprecedented achievement in its history of cooperation with the IMF.
  • The country has fulfilled 2 structural benchmarks required for the successful completion of the eighth review, with a total of 42 structural benchmarks met under the program.
  • Ukraine is expected to receive the next tranche of approximately USD 487 million following the eighth review.
  • The IMF program foresees up to USD 2.3 billion in support across four reviews in 2025, with the first USD 400 million disbursed to the state budget in March.
  • Since the beginning of the full-scale invasion, Ukraine has received over USD 12.8 billion in budget support from the IMF alone.
  • The International Monetary Fund is Ukraine's third-largest financial partner in terms of assistance provided, after the EU and the United States.

Statistics:

  • Ukraine has completed 7 reviews under the Extended Fund Facility Program.
  • The country has fulfilled 2 structural benchmarks required for the successful completion of the eighth review.
  • A total of 42 structural benchmarks have been met under the program.
  • Ukraine is expected to receive approximately USD 487 million following the eighth review.
  • The IMF program foresees up to USD 2.3 billion in support across four reviews in 2025.
  • The first USD 400 million was disbursed to the state budget in March 2025.
  • Ukraine has received over USD 12.8 billion in budget support from the IMF alone since the beginning of the full-scale invasion.
  • The International Monetary Fund is Ukraine's third-largest financial partner in terms of assistance provided, after the EU and the United States.

Sources:

  • Ukrinform
  • Ministry of Finance of Ukraine