Great news for Ukraine as they have successfully reached an agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Fund Facility (EFF) programme, securing a substantial $15.6 billion. This milestone will enable Ukraine to receive a much-needed $2.2 billion tranche in the near future.
Prime Minister Denys Shmyhal shared the exciting news on Twitter, highlighting Ukraine’s dedication to reform and transformation. This achievement marks the first time Ukraine has reached the fourth review in any IMF program, showcasing the country’s progress and commitment to financial stability.
With all quantitative criteria and structural goals successfully met, Ukraine is now poised to receive the funding essential for key budget expenditures and the nation’s ongoing defense efforts against Russian aggression. The prime minister expressed gratitude to the IMF for their crucial support in these challenging times.
Since the approval of the EFF programme in 2023, Ukraine has already received significant support from the IMF, with a total of about $5.4 billion in tranches. This long-term program is set to provide vital financial assistance to Ukraine over the next four years, helping the country navigate economic challenges and foster growth.