Sergii Marchenko discussed EU budgetary support, the IMF program, and investment cooperation with France’s Minister Delegate for Foreign Trade

Ukraine’s Minister of Finance Sergii Marchenko met with France’s Minister Delegate for Foreign Trade and Attractiveness at the Ministry for Europe and Foreign Affairs Nicolas Forissier.

The parties discussed Ukraine’s macro-financial situation, budget liquidity needs for 2026–2027, and priorities for bilateral cooperation. Particular attention was paid to the new IMF program and the EU initiative to mobilize financing of up to EUR 90 billion.

The meeting was also attended by Deputy Ministers of Finance Olga Zykova and Oleksandr Kava, Deputy Minister of Finance for European Integration Yuriy Draganchuk, and Ambassador Extraordinary and Plenipotentiary of France to Ukraine Gaël Veyssière.

Sergii Marchenko briefed the French side on the state of Ukraine’s public finances amid the full-scale war, stressing that approval of the new 48-month IMF EFF program totaling USD 8.1 billion is a key prerequisite for maintaining macro-financial stability and securing budget support from partners. He also emphasized the importance of the program for continuing reforms, particularly in the fiscal sphere and in the context of further European integration.

For his part, Nicolas Forissier confirmed France’s support for launching the new IMF program and for the European Commission’s initiative to establish a financial instrument of up to EUR 90 billion for 2026–2027 to ensure Ukraine has sufficient financial resources. He noted that France, which currently holds the G7 presidency, remains a key partner in this process and in strengthening investment and business cooperation between the two countries.

The Minister of Finance also underscored the importance of further work on introducing a Reparations Loan mechanism using frozen russian assets, which could be directed toward Ukraine’s recovery and reconstruction.

“France is one of Ukraine’s key partners in ensuring macro-financial stability. I am grateful to the French side for its consistent support for the Ukraine Facility and ERA loans, which are critical for maintaining budget liquidity during the war. Under the EUR 50 billion Ukraine Facility, Ukraine has already received EUR 32.7 billion, as well as EUR18.1 billion from the EU under the ERA loans mechanism,” Sergii Marchenko emphasized.

In addition, the parties discussed prospects for bilateral cooperation, including greater involvement of French businesses in projects in Ukraine, expanding the presence of Ukrainian companies in the French market, and cooperation between the two countries, including in the defense sector.

Nicolas Forissier reaffirmed France’s firm and long-term commitment to comprehensive support for Ukraine, emphasizing France’s readiness to continue contributing to Ukraine’s financial resilience, reform implementation, and investment attraction.