Executive Board of the International Monetary Fund (IMF) has completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, which provides Ukraine with another tranche worth $400 mln, the IMF press service said in a statement.
"The IMF Board today completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about $0.4 billion to Ukraine, which will be channeled for budget support," the statement reads. This will bring the total disbursements under the IMF-supported program to $10.1 billion.
"Sustained reform momentum, progress at domestic revenue mobilization, as well as full and timely disbursement of external support during the program period are necessary to safeguard macroeconomic stability, restore fiscal and debt sustainability, and improve governance," according to the Fund, which greenlighted a four-year program under the EFF mechanism with financing worth $15.5 bln for Ukraine in 2023.
"The slowdown [in Ukraine] is expected to continue in 2025," the IMF noted. In particular, the country’s GDP is projected at 2-3% this year, at 4.5% in 2026, and 4.8% in 2027. Unemployment totals 11.6% in 2025, and the Fund’s experts expect it to decline to 10.2% in 2026, and to 9.4% in 2027.
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