IMF Clears $500 Million Disbursement to Ukraine as Part of Extended Fund Facility
The Executive Board of the International Monetary Fund (IMF) has completed the ninth review of Ukraine’s Extended Fund Facility (EFF), unlocking a new disbursement of $500 million to support the country’s budget amid ongoing war-related challenges.
The Gaze reports on this with reference to Ukrinform.
In a statement released Monday, the IMF confirmed that Ukraine had met all quantitative performance criteria as of the end of March, as well as prior actions and two structural benchmarks required for this phase of the program.
The tranche, equivalent to 0.37 billion Special Drawing Rights (SDRs), brings total disbursements under the EFF to over $10 billion since the program’s inception in March 2023.
“The Ukrainian economy continues to demonstrate resilience despite extraordinary pressures,” the Fund noted, while stressing the importance of advancing key reforms.
These include domestic revenue mobilization, strengthening the investment climate, enhancing governance, and finalizing a comprehensive debt restructuring strategy.
In addition to the new disbursement, the IMF introduced four updated structural benchmarks: modernizing Ukraine’s unified public investment portfolio; developing a prioritized roadmap for financial market infrastructure; adopting international valuation standards; and aligning domestic legislation on securitization and bonds with international norms.
The Board also agreed to extend deadlines for several other structural commitments, including the appointment of the head of the State Customs Service, allowing Ukrainian authorities additional time to complete essential reforms.
Ukraine has also requested a reallocation of access under the EFF for the remainder of 2025 to better align with updated balance-of-payments needs. The overall size of the $15.5 billion four-year program, launched in March 2023, remains unchanged.
Ukraine’s PM Denys Shmyhal welcomed the decision in a statement on social media, highlighting that Ukraine has already received over $10 billion under the EFF. “This support is a vital contribution to maintaining our resilience and macro-financial stability,” he wrote, thanking the IMF for its steadfast partnership.
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