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Ukraine receives $1.1bn from IMF

The funds will be used to finance critical budget expenditures.

Ukraine receives $1.1bn from IMF
Photo: publika.md

Ukraine has received $1.1 billion from the International Monetary Fund (IMF).

According to Prime Minister of Ukraine Denys Shmyhal, this is the sixth tranche under the joint programme under the EFF Extended Fund Facility.

The funds have already been transferred to Ukrainian accounts and will be used to finance critical budget expenditures.

In total, Ukraine has already received $9.8 billion from the IMF under this programme.

“We are grateful to the International Monetary Fund for its unwavering support of our country during the full-scale war," Shmyhal wrote.

The Ministry of Finance later added that further measures to be taken by Ukraine are set out in the joint Memorandum between Ukraine and the IMF on economic and financial policy. In particular, this includes the continuation of structural reforms covering public finance, the financial sector, monetary and exchange rate policy, governance, anti-corruption and the energy sector.

For 2025, the IMF EFF programme provides up to USD 2.7 billion based on the results of four reviews.

  • On 21 December, the IMF approved this tranche, as Ukraine met five of the Fund's structural benchmarks and achieved three more ahead of schedule. 
  • In total, Ukraine has met 35 structural benchmarks during the programme. The IMF raised its forecast for Ukraine's economic growth to 4% in 2025. 
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