Overview

• The IMF Executive Board completed the eighth review under Ukraine’s US$15.5 billion Extended Fund Facility on June 30, releasing a US$500 million tranche for budget support and lifting total disbursements to US$10.6 billion.
• Ukraine met all end-March quantitative performance criteria, submitted a detailed reform plan for the State Customs Service, and fulfilled structural benchmarks on digital platform tax reporting and the external audit of its anti-corruption bureau.
• The IMF maintained Ukraine’s 2025 growth forecast at 2–3 percent, citing a smaller electricity deficit offset by lower gas production and weaker agricultural exports.
• Officials approved a request to rephase 2025 access to IMF financing to align with balance-of-payments needs and sanctioned a supplementary budget to address war-related fiscal pressures.
• Authorities are advancing a debt restructuring strategy to reduce fiscal risks, create room for priority spending, and restore long-term sustainability within the fully financed US$153–165 billion external envelope.