Ukraine is poised to receive its initial tranche of a European Union loan in April 2026, contingent upon meeting several agreements with international partners. This financial support is crucial for maintaining economic stability amidst ongoing challenges.
Prime Minister Denys Shmyhal emphasized that without a corresponding International Monetary Fund (IMF) program, Ukraine would not qualify for a substantial €90 billion loan from the EU. The first disbursement from this loan is expected to arrive in April 2026, provided that Ukraine fulfills its obligations.
“We do not anticipate any catastrophe in April; as a state, we need to complete our homework,” Shmyhal stated, reinforcing the government’s commitment to fulfilling its responsibilities.
Additionally, the IMF recently approved a new four-year Extended Fund Facility (EFF) program for Ukraine, amounting to $8.1 billion. This program is designed to support the country’s economic recovery and stability.
Shmyhal noted that the first disbursement from the IMF, approximately $1.5 billion, is expected to be allocated to the state budget soon. These funds will be directed towards budgetary support, addressing budget deficits, and ensuring macro-financial stability.
In a related development, on February 27, the IMF’s Board of Directors confirmed the new four-year financing program. Shmyhal indicated that the IMF had removed previous conditions associated with this funding, which included requirements related to value-added tax (VAT) for individual entrepreneurs, customs duties on packages, taxes for digital platforms, and military levies.
As Ukraine navigates these financial agreements, the government remains focused on ensuring compliance with international expectations to secure vital funding for its ongoing economic needs.
Ukraine's government is preparing to receive an initial tranche from a significant EU loan, contingent on fulfilling agreements with international partners. The approval of an IMF program further supports Ukraine's financial stability amid ongoing challenges.