IMF Mission and Ukrainian Authorities launched discussions under the first review of the new Extended Fund Facility Arrangement

Today, May 27, the International Monetary Fund mission and representatives of the Ukrainian authorities are beginning discussions as part of the first review of the new four-year Extended Fund Facility (EFF) program. The parties will also conduct the 2026 Article IV consultations under the IMF Articles of Agreement.

Throughout the week, the leadership of the Ministry of Finance of Ukraine and IMF staff will focus on assessing Ukraine’s performance of its commitments under the program, as well as discussing further steps in the areas of economic and financial policy.

The new EFF program, approved by the IMF Executive Board on February 26, covers the period from 2026 to 2029 and reflects the current macroeconomic and security challenges faced by Ukraine amid the full-scale war. It replaced the previous program launched in March 2023 and reaffirmed the Fund’s readiness to continue providing systematic support to Ukraine.

The total financing under the program amounts to USD 8.1 billion, of which the first tranche of USD 1.5 billion has already been transferred to the State Budget of Ukraine.

The EFF program remains a key element in supporting the country’s macro-financial stability and serves as an important signal to international partners regarding Ukraine’s commitment to implementing reforms and ensuring responsible public financial management.

One of the central areas of cooperation with the IMF is the implementation of structural reforms necessary for effective post-war recovery and Ukraine’s further progress toward European Union membership. In particular, this includes strengthening fiscal institutions and tax administration, enhancing governance systems and anti-corruption policies, developing financial and market infrastructure to attract private capital for the country’s reconstruction, and further advancing the market economy.