IMF Mission Arrives in Kyiv for Week-Long Talks

A mission from the International Monetary Fund (IMF) has arrived in Kyiv for consultations with Ukrainian authorities that will continue through next week.

The Gaze reports this, referring to a post by Vladyslav Rashkovan, Ukraine’s Alternate Executive Director at the IMF.

In the announcement, he noted that the delegation had already experienced an air raid alert on arrival. 

“We came to Kyiv late in the evening with the IMF team and spent part of the morning in a bomb shelter. Ready to work. Many meetings are scheduled,” Rashkovan wrote.

According to him, the mission will work in Ukraine during the next 7–8 days.

The mission will not be deciding on the release of a new loan tranche. Instead, it comes ahead of the ninth review of Ukraine’s $15.6 billion Extended Fund Facility, now merged with the tenth review and slated for the fourth quarter of 2025.

With the war grinding on, discussions may also touch on the possibility of a new IMF program better aligned with Ukraine’s long-term financial needs. 

Ukraine’s Prime Minister Yuliia Svyrydenko and central bank officials have said the current framework may no longer be sufficient.

First Deputy Governor of the National Bank of Ukraine (NBU) Serhii Nikolaychuk has suggested a longer-term IMF program could become a “logical continuation” of the current deal, while NBU Governor Andrii Pyshnyi argued in August that “the format of the current program no longer fully meets today’s challenges.”

As in previous visits, IMF officials are also expected to assess the government’s draft budget for 2026, which must be submitted to parliament by September 15.

Ukraine’s current four-year IMF program, approved in 2023, envisages $15.6 billion in funding from the Fund alongside roughly $150 billion in commitments from international partners.

As The Gaze previously reported, analysts predict a significant increase in Ukraine's financial deficit next year if Russia's attacks continue and reforms are not implemented.