Ukraine receives $690 million IMF tranche under new four-year program

Business

23 July, 06:36 PM

Ukraine received a second tranche of about $690 million under the International Monetary Fund's new four-year Extended Fund Facility program, the Finance Ministry said on July 23.

According to the ministry, the total financing Ukraine has received under the new Extended Fund Facility program has reached about $2.2 billion.

The funds have already been transferred to the state budget and will be used to finance priority expenditures and maintain macrofinancial stability amid the ongoing full-scale war.

“The program was approved by the IMF Executive Board on Feb. 26, 2026. The new EFF program totals $8.1 billion for 2026-2029,” the Finance Ministry said. “It takes into account the updated macroeconomic and security conditions facing the country, as well as Ukraine’s significant current and medium-term fiscal needs.”

The ministry said the program calls for prudent fiscal policy, including measures to strengthen revenue mobilization by creating a level playing field for taxpayers and reducing opportunities for tax evasion.

“The new program also helps mobilize large-scale external financial support to cover budgetary needs,” the ministry said.

“According to joint estimates by the Ukrainian government and the IMF, the overall external financing gap for 2026-2029 will amount to approximately $136.5 billion under the baseline scenario.”

As reported, the IMF Executive Board on July 20 completed the first review of Ukraine’s four-year EFF program, allowing for the immediate disbursement of SDR 503 million, or about $690 million, as the second tranche.

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