The eighth revision of the EFF program for Ukraine was completed. The funds are aimed at budget support.
The IMF Executive Council completed the eighth revision of the EFF program for Ukraine, opening access to the allocation of the next tranche for half a billion dollars. It was reported on June 30 at the IMF.
The funds are aimed at budget support.
The fund emphasized that in order to restore the stability of fiscal and debt, as well as to support growth, Ukraine must achieve “development in mobilizing internal income, strengthening the investment climate, improving management and completing a debt repair approach.”
Four new structures are also established, especially: steps to update a single portfolio of projects; preparation of a priority roadmap for financial market infrastructure; implementation of international examination standards; Developing legislative measures in the Securitization Agreement and bonds with international standards.
At the same time, the IMF Executive Council changed deadlines for the implementation of several other beacon structures, including the VHI leader’s appointment, to provide more time to authorities to complete important reforms.
Ukraine authorities also asked for the redistribution of accessing IMF financing during the rest of 2025 to better fix them with the updated Ukraine needs in terms of payment balance. The total size of the program remains unchanged.
As the prime minister Denis Shmygal, under the EFF program, mentioned, more than $ 10 billion has been received in Ukraine. According to him, this is an important contribution to maintaining the stability and stability of Ukraine’s macrofinance.
Earlier it was reported that Ukraine had reached an IMF agreement for the next EFF program revision. It opens the way to the new tranche of $ 500 million.
Remember that by the end of March, the IMF completed the 7th revision of the EFF program and provided to Ukraine the eighth tranche of $ 400 million. It was also reported that Ukraine asked the IMF to reduce tranche volume in March.
Generally, in 2025 it was planned to attract $ 2.7 billion from the IMF according to the results of the four quarterly reviews.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.