Photo: The IMF mission has started its work in Ukraine (facebook.com/roksolana.pidlasa)
The International Monetary Fund mission has prepared a new $8 billion lending program for Ukraine.
This was reported by Roksolana Pidlasa, head of the Verkhovna Rada Budget Committee, on Facebook.
According to Pidlasa, the official negotiations on the new program included discussions of Ukraine’s 2026 budget with IMF mission chief Gavin Gray and his team.
“The total volume of the program the IMF is offering Ukraine is about $8 billion over four years. It’s less than we expected and less than we need, but the IMF program is key to securing financing from other partners, including reparations-related credit,” she said. She added that the IMF’s decision to launch the program is expected in January, when the first disbursement is also planned.
A prerequisite for the program’s start is the approval of the 2026 budget within the deficit agreed with the Fund.
“Regarding structural benchmarks, the IMF is mainly interested in increasing state budget revenues, particularly by closing tax avoidance schemes,” Pidlasa noted.
current imf program
Ukraine’s current IMF program runs from 2023 to 2027. However, Prime Minister Yulia Svyrydenko requested the Fund to develop a new program, citing the ongoing war with Russia as the reason for the new agreement.
