Ukraine and IMF Agree on $500 Million Tranche Under Extended Fund Facility
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the eighth review of the Extended Fund Facility (EFF) program, paving the way for the release of a new $500 million tranche, Prime Minister Denys Shmyhal announced, The Gaze reports.
The disbursement is subject to approval by the IMF Executive Board, which is expected to review the agreement within the next month. Once approved, the total amount disbursed to Ukraine under the EFF program will exceed $10 billion.
“Despite the challenges of war, Ukraine’s economy remains resilient,” Shmyhal said. “The government continues to implement necessary reforms, and we appreciate the IMF’s continued support.”
According to the IMF’s assessment, Ukraine has maintained economic stability in the face of extraordinary challenges brought on by Russia’s full-scale invasion.
The EFF program has served as a financial and policy anchor, supporting Ukraine’s macroeconomic stability and reform agenda.
Shmyhal thanked both the Ukrainian government and the National Bank of Ukraine for their contributions and praised the IMF for its “reliable partnership.”
The EFF program has been a critical source of funding for Ukraine during wartime, helping to ensure fiscal stability, sustain essential public services, and enable further reforms in governance, transparency, and the energy sector.
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