Ukrainian Finance Minister met with IMF leadership in the U.S. to discuss parameters of a new cooperation program

As part of a working visit to Washington, D.C. to attend the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, Minister of Finance of Ukraine Sergii Marchenko held a series of meetings with IMF leadership.

Together with the Prime Minister of Ukraine Yulia Svyrydenko, the Minister met with IMF Managing Director Kristalina Georgieva and First Deputy Managing Director Dan Katz. In addition, the Ministry of Finance team held discussions with Director of the IMF’s European Department Alfred Kammer, Deputy Director Uma Ramakrishnan, and IMF Mission Chief for Ukraine Gavin Gray.

Key topics included further cooperation between Ukraine and the IMF, the implementation of the current Extended Fund Facility (EFF) program, and a new cooperation program.

Sergii Marchenko emphasized that the IMF remains a strategic partner of Ukraine, playing a crucial role in maintaining the country’s financial stability amid the full-scale war.

Under the EFF program, Ukraine has successfully passed eight reviews and received a total of USD 10.6 billion. IMF representatives commended Ukraine’s progress in implementing fiscal reforms and performing program commitments.

The Minister of Finance expressed his gratitude to the Fund for its consistent support and underlined the importance of preparing a new cooperation program with the IMF.

“The new program, among other things, will help ensure Ukraine’s budgetary needs in the medium term. It will not only provide financing from the IMF but also serve as an important signal to other international financial institutions and partner countries, helping attract additional resources. Moreover, the new program will support structural reforms aimed at economic recovery and Ukraine’s European integration. We are expecting an IMF mission to visit Kyiv in the near future to discuss the parameters of the new program.,” Sergii Marchenko noted.

During the discussions, special attention was given to the parameters of Ukraine’s 2026 State Budget. The Minister emphasized that maintaining a sufficient level of external financing remains critical to covering the projected deficit. It is important to launch the new program as early as practicable. 

In this context, the parties also discussed the potential use of frozen russian assets as a possible source of financing for Ukraine’s needs.