Minister of Finance of Ukraine Sergii Marchenko discussed with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva priority reforms to strengthen Ukraine’s financial stability.
The dialogue between the parties took place on the sidelines of the G7 Finance Track meeting in Canada, Ukrinform reports citing the Ministry of Finance.
“The Government remains committed to the reform pace outlined to maintain macroeconomic stability and achieve better economic outcomes, even in the context of the full-scale war. The successful completion of seven reviews under the Extended Fund Facility Program – an unprecedented achievement in the history of our cooperation with the IMF – is clear proof of this. We are now working with the IMF mission on the eighth review and expect a positive outcome for Ukraine,” Marchenko noted.
The parties discussed Ukraine’s progress in mobilizing domestic budget revenues, maintaining debt sustainability, the pace of external financing inflows, and the implementation of Ukraine’s National Revenue Strategy.
In turn, Kristalina Georgieva reaffirmed the Fund’s continued support for Ukraine.
The Ministry of Finance noted that the IMF mission is conducting the eighth review of the Extended Fund Facility (EFF)—a four-year, USD 15.5 billion program approved in March 2023— in Ukraine from May 20 to 27.
Following the review, Ukraine is expected to receive the next tranche of approximately USD 487 million. To date, Ukraine has fulfilled 2 structural benchmarks required for the successful completion of the eighth review. In total, Ukraine has already met 42 structural benchmarks under the EFF program.
For 2025, the IMF program foresees up to USD 2.3 billion in support across four reviews. The first USD 400 million was disbursed to the state budget in March 2025. Overall, Ukraine has already received eight tranches totaling about USD 10.1 billion under the EFF program.
As reported, 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.
Photo credit: mof.gov.ua
Source: Marchenko, IMF Managing Director discuss support for Ukraine
