IMF begins review of $8.1 billion financing program for Ukraine: what will be checked

On November 9, the International Monetary Fund (IMF) mission began its work in Ukraine within the framework of the second and third reviews of the Extended Fund Facility (EFF). The fund representatives will discuss with the Ukrainian authorities economic policy, the state of public finances and the implementation of structural reforms.

What the IMF mission will check

IMF Resident Representative in Ukraine Priscilla Tofano reported that the mission led by Gavin Gray has begun negotiations with representatives of the Ukrainian authorities.

This is a joint second and third reviews of the EFF Extended Fund Facility.

The main attention during the negotiations will be paid to the macroeconomic situation, budgetary policy and structural reforms.

In particular, the parties will discuss Ukraine’s implementation of the obligations stipulated in the cooperation program with the IMF.

Ukraine confirmed its readiness to continue reforms

In September, the Minister of Finance of Ukraine Serhiy Marchenko met with the Managing Director of the IMF Kristalina Georgieva.

During the negotiations, the further implementation of the EFF program and the fulfillment of the commitments made by Ukraine were discussed.

Marchenko confirmed the readiness of the Ukrainian side to continue the necessary reforms, in particular those related to European integration.

In turn, Georgieva emphasized the importance of consistent implementation of reforms and maintaining international financial support for Ukraine in conditions of economic uncertainty.

What is the amount of financing provided for Ukraine

In February 2026, the Board of Directors of the International Monetary Fund approved a new four-year EFF extended financing program for Ukraine with a total amount of $8.1 billion.

The program provides for financial support for Ukraine and the implementation of agreed economic and structural reforms.

At the end of August, IMF representatives already held consultations with the Ukrainian authorities on the economic prospects of the state, the implementation of reforms, and the draft state budget for 2027.

The current mission will continue to assess Ukraine’s implementation of commitments under the program.

However, the initiation of a review does not automatically mean the allocation of a new tranche of financing. Further decisions will depend on the results of the assessment and the relevant IMF procedures.