IMF and Ukraine Begin Critical Review of $15.6 Billion Support Program
Discussions focus on fiscal reforms and government reshuffle amid ongoing war efforts.
- Ukraine has implemented 23 out of 37 structural reforms required by the IMF.
- The review could unlock an additional $1.1 billion in financing for Ukraine.
- Kyiv's budget is heavily reliant on international aid, spending 60% on defense.
- The government is raising taxes and borrowing domestically to cover budget gaps.
- President Zelenskiy is reshuffling his cabinet to strengthen governance during wartime.