Ukraine is expecting a positive result from the International Monetary Fund (IMF) as the Fund completes its eighth review of the Extended Fund Facility (EFF) programme, which includes a tranche of approximately 500 million US dollars (around £392 million). The review is part of a broader cooperation plan between Ukraine and the IMF aimed at supporting the country’s financial stability and postwar recovery.
Prime Minister Denys Shmyhal confirmed the ongoing progress after a meeting with the IMF mission, led by Gavin Gray. He described the discussion as “productive” and underlined that the Ukrainian government is continuing economic reforms in close cooperation with the IMF.
Shmyhal stated that the country remains committed to structural changes. Among the key reforms being implemented are improvements in the management of public investment, reforms in customs operations, and measures to enhance the overall investment climate. These reforms are critical not only for restoring the economy but also for bringing Ukraine closer to European Union integration.
The meeting also addressed Ukraine’s recovery plans, including involving the financial sector in reconstruction efforts, attracting foreign investment and making use of frozen Russian assets to help fund the rebuilding of the nation.
Shmyhal expressed confidence in the IMF as a reliable partner during these challenging times. He stressed that maintaining macroeconomic stability remains a top priority and thanked the Fund for its consistent support. So far, Ukraine has received approximately 10.1 billion US dollars (around £7.9 billion) under the EFF programme, which has been vital for supporting Ukraine’s economic resilience amid the full scale war launched by the Russian dictatorship.
The IMF began its current review of the EFF programme on 20 May 2025. The Ukrainian government hopes that successful completion of this review will lead to the prompt release of the next tranche, which will be used to further stabilise the economy and push forward vital development initiatives.
Shmyhal said the IMF’s support continues to help Ukraine move towards a more sustainable and secure future, particularly as the country continues to defend itself from Russian aggression and work towards deeper integration with Europe.
