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The International Monetary Fund's Executive Board has completed the first review of Ukraine's four-year Extended Fund Facility (EFF) program, approving a new disbursement of 503 million Special Drawing Rights (SDRs), equivalent to about $690 million, the IMF said.
The latest payment brings total IMF disbursements under the program to approximately $2.2 billion.
The IMF also concluded its Article IV consultations with Ukraine, assessing policies aimed at preserving macroeconomic stability during the war and preparing the country for postwar recovery and eventual European Union membership.
The Fund said Ukraine has maintained macroeconomic and financial stability despite Russia's full-scale invasion, a more challenging external environment and elevated risks. However, it noted that the country's economic outlook has worsened due to intensified Russian attacks on critical infrastructure and the broader impact of the conflict in the Middle East.
According to the IMF, Ukraine met all quantitative performance criteria through the end of March, although progress on some structural reforms has been delayed and the country's international reserve target for the end of June was missed.
The Ukrainian authorities agreed to take corrective measures and updated the timetable for key reforms.
IMF Managing Director Kristalina Georgieva praised Ukraine's resilience during the war.
"Ukraine continues to demonstrate extraordinary resilience in the face of Russia's devastating war. Prudent policies, supported by the IMF program and strong international assistance, have helped preserve macroeconomic and financial stability," Georgieva said.
She added that Ukraine's long-term economic success will depend on accelerating reforms, strengthening the private sector, fighting corruption, improving the investment climate and advancing toward EU membership.
The IMF said the financial support program remains fully financed through contributions from international partners, including the European Commission, G7 countries and bilateral donors, while stressing that timely and predictable external assistance remains essential for Ukraine's financial stability and future recovery.
