“On May 20, 2025, the Mission of the International Monetary Fund launched work in Kiev to conduct an eighth broadcasting program (EFF). The delegation is headed by Gavin Gray, who together with the representatives of the Ukrainian authorities will discuss the progress of the program and further steps of cooperation. On the eve of a preparatory meeting in a remote format with the participation of NBU Chairman Andriy Pishny, Minister of Finance Sergey Marchenko and Head of Finance”, – WRITE ON: ua.news
On May 20, 2025, the Mission of the International Monetary Fund launched work in Kiev to conduct an eighth broadcasting program (EFF).
The delegation is headed by Gavin Gray, who together with the representatives of the Ukrainian authorities will discuss the progress of the program and further steps of cooperation.
The day before there was a preparatory meeting in a remote format with the participation of NBU Chairman Andriy Pishny, Finance Minister Sergei Marchenko and the head of the IMF mission, where the main directions of future negotiations were outlined.
The mission will discuss three key topics: plans to mobilize internal income, ensure debt stability and continue structural reforms in the financial sector.
Particular attention will be paid to measures to curb inflation, which remains a priority task of the National Bank of Ukraine. Also on the agenda is the possibility of further currency liberalization, which should contribute to the stabilization of the country’s financial system in the conditions of a long war.
The four -year IMF program with Ukraine is calculated for 2023-2027 and is $ 15.6 billion, being part of an international support for Ukraine with a volume of $ 148.8 billion.
This year, Ukraine plans to receive $ 2.7 billion from the IMF as a result of four quarter views.
In March, a tranche of $ 400 million has already been received instead of the planned $ 900 million, as Kiev has enough money this year thanks to the ERA Loans program, which is funded by the frozen Russian assets.
In March 2025, the IMF updated its forecasts for Ukraine. According to the basic scenario, the Russian war against Ukraine will end at the end of 2025, which will allow the Ukrainian economy to increase by 2-3% this year and to accelerate the growth of up to 4.5% in 2026.
However, there is also a negative scenario that will continue until the middle of 2026 – in this case, a real GDP is expected to fall by 2% in 2025 and by 0.5% in 2026, and the total funding deficit will increase by $ 14.1 billion compared to the basic forecast.
We will remind, the International Monetary Fund worsened the forecast of the population of Ukraine to 33.9 million in 2030.
We have also reported that the Basic Scenario of the International Monetary Fund for Ukraine suggests that the war will end in the last months of 2025.
