Overview
- The IMF Executive Board on February 26 approved a four-year Extended Fund Facility for Ukraine totaling $8.1 billion.
- Kyiv expects an initial disbursement of about $1.5 billion shortly to help cover the budget deficit and support macro‑financial stability.
- The 2026–2029 program reflects wartime conditions and revises assumptions from the 2023 arrangement to address higher fiscal and security risks.
- Authorities set macro priorities that include prudent fiscal policy with stronger revenue mobilization, greater exchange‑rate flexibility to protect price stability, and safeguarding financial‑sector stability, alongside reforms in tax administration, governance and labor rules.
- The program aims to catalyze concessional funding to meet an estimated $136.5 billion external financing need, including a proposed €90 billion EU credit, with partners maintaining a moratorium on official debt service and planning post‑stabilization restructuring.