IMF Approves New $8.1 Billion Four-Year Financing Program for Ukraine

Kyiv. The International Monetary Fund (IMF) has approved a new four-year financing program for Ukraine amounting to $8.1 billion, Interfax-Ukraine news agency reported.

This program, under the IMF's Extended Fund Facility (EFF), is stated to be part of an international support package totaling $136.5 billion for Ukraine.

Its objective is reportedly to strengthen Ukraine's overall economic and financial stability and advance structural reforms, including governance.

According to Ukraine's Ministry of Finance, the program's overall economic priorities include implementing prudent fiscal policies, ensuring price stability, preventing external imbalances, and enhancing exchange rate flexibility.

The Ministry indicated that the first tranche of the program, amounting to $1.5 billion, is expected to be disbursed in the near future. The previous IMF financing program approved for Ukraine in 2023, which was contingent on the cessation of the active phase of the Russia-Ukraine conflict, was canceled.