Ukraine received USD 1.5 billion from the IMF under the Extended Fund Facility Arrangement

Ukraine has received USD 1.5 billion as the first tranche under the new four-year IMF’s Extended Fund Facility (EFF) program. The program was approved by the Executive Board of the International Monetary Fund on February 26, 2026.

The funds have already been transferred to the State Budget and will be directed to finance priority expenditures and ensure macro-financial stability amid the ongoing full-scale war.

The total volume of the new EFF program amounts to USD 8.1 billion for 2026–2029. It takes into account the updated macroeconomic and security conditions facing the country, as well as Ukraine’s significant current and medium-term fiscal needs.

“I am grateful to the International Monetary Fund for its trust and consistent support of Ukraine. Since the beginning of the full-scale war, USD 14.9 billion in financial assistance from the Fund has been disbursed to the State Budget. Following the approval of the new program, we continue to actively work on implementing jointly agreed reforms aimed at ensuring macroeconomic stability, strengthening public governance, supporting recovery efforts, and ultimately advancing Ukraine’s European integration. The first review of the program is expected to take place in June this year,” said Minister of Finance of Ukraine Sergii Marchenko.

The program envisages the implementation of prudent fiscal policy, including measures to strengthen revenue mobilization by ensuring a level playing field for taxpayers and reducing opportunities for tax evasion.

The new program will also help mobilize substantial external financial support to cover budget needs. According to joint estimates by the Government of Ukraine and the IMF, the total external financing gap for 2026-2029 is projected at about USD 136.5 billion under the baseline scenario.