Financial foundation for 4 years: IMF approved a program for Ukraine worth 8.1 billion dollars with an immediate tranche

Financial foundation for 4 years: IMF approved a program for Ukraine worth 8.1 billion dollars with an immediate tranche

The Board of Directors of the International Monetary Fund has approved a new 4-year loan program for Ukraine under the Extended Fund Facility (EFF) totaling $8.1 billion, with the first tranche of $1.5 billion to be provided immediately.

This was reported by the National Bank in the early hours of February 26-27, without specifying the exact timing of the funds’ arrival.

It was also clarified that in 2026, four tranches totaling $3.8 billion are planned to be disbursed, meaning that after the first, urgent tranche, three smaller tranches amounting to $2.3 billion will follow.

The National Bank also confirmed information that other international financing for Ukraine will be tied to the IMF loan program.

«To support in addressing balance of payments issues, ensuring medium-term external economic stability, and restoring debt sustainability in both baseline and adverse scenarios», — the NBU statement reads.

The National Bank outlined the main conditions of the new $8.1 billion loan program:

1. Implementation of a «balanced fiscal policy» with measures to increase revenues through «creating equal competitive conditions, reducing tax evasion, and tax optimization». This likely includes the planned tax increase (including for individual entrepreneurs), the voting for which in the Verkhovna Rada has been repeatedly postponed.

2. «Ensuring price stability and preventing external imbalances, including through increased exchange rate flexibility». This means that inflation growth will be monitored, and the impact of hryvnia devaluation on it will be tracked.

3. Maintaining the stability of the financial sector.

4. Combating corruption.

«The authorities have also committed to implementing large-scale structural reforms to ensure sustainable post-war recovery and achieve the goal of joining the European Union. These reforms include strengthening fiscal institutions and tax administration, improving governance systems, as well as fighting corruption and tax evasion», - the National Bank’s overnight statement notes.