The IMF has Announced the Conditions for Launching a New Program for Ukraine
This was stated by Director of the IMF Communications Department Julia Kozak.
The Gaze reports on it according to Ukrinform.
The IMF Executive Board will make a decision on a new program for Ukraine only after the authorities fulfill the preconditions and financing guarantees are secured within the framework of the new agreements. This was stated by Julia Kozak, Director of the IMF Communications Department, in a comment to Ukrinform.
“There is currently no date set for the IMF Executive Board meeting on Ukraine,” Kozak said. According to her, this can only be discussed once the Ukrainian authorities have fulfilled “all the specified prior actions and financing guarantees.”
The list of prerequisites includes, in particular, the adoption of the state budget for 2026, the expansion of the tax base to cover income from online transactions, the elimination of customs loopholes for the import of consumer goods, and the abolition of VAT registration privileges. In addition, she said, the Ukrainian authorities have promised to take countermeasures against the informal economy, “in particular by strengthening competition in public procurement and eliminating loopholes in the current Labor Code.”
Regarding financing guarantees, Kozak noted that sufficient volumes must be ensured and appropriate guarantees must be obtained from donors.
In the context of restructuring GDP warrants, she noted that the IMF had taken note of the Ukrainian authorities' proposal made to warrant holders on December 1.
“We are closely monitoring the reaction and analyzing the proposed terms. And, of course, any debt restructuring agreement will be assessed in the context of ensuring debt sustainability and financial guarantees that Ukraine will need within the program,” Kozak clarified.
She also noted that Kyiv has assured its commitment to reforms, including mobilizing domestic revenues, combating the informal economy, protecting independent anti-corruption institutions, and restructuring debt to restore sustainability. At the same time, according to her, the NBU seeks to reduce inflation and at the same time ensure greater exchange rate flexibility in order to absorb shocks and maintain sufficient foreign exchange reserves.
As reported by Ukrinform, on November 26, the IMF and the Ukrainian authorities reached a staff-level agreement on a new four-year Extended Fund Facility (EFF) with potential access to $8.1 billion.
As the Gaze reported earlier Ukraine and the IMF Have Agreed at the Staff Level a New $8.2 billion Programme.