After eight successful reviews under the last IMF program for Ukraine, IMF management strongly believes that the new EFF will “provide a solid backstop for their medium-term plans and support their efforts to mobilize much-needed external support and are confident that the new program will enable them to close the financing gap and restore external debt and debt sustainability.”
The IMF estimates Ukraine’s total financing gap for 2026-2029 at $136.5 billion, with 2026-2027 accounting for $63 billion of the residual deficit, the fund said.
The agreement includes measures to maintain macroeconomic stability, restore public debt sustainability and strengthen the fight against corruption. The program is expected to attract large-scale external support to cover Ukraine’s financing gap, the IMF said.
A group of International Monetary Fund (IMF) experts led by Mr. Gavin Gray held talks with the Ukrainian authorities from 17 to 21 November in response to their request for a new Extended Fund Facility (EFF).
The agreement will be presented to the IMF executive board after the fulfillment of preconditions and may be adjusted depending on the progress in the settlement of the Russia-Ukraine conflict, the agreement said.
