Overview

• The International Monetary Fund began its eighth review of Ukraine’s four-year, $15.5 billion Extended Fund Facility on May 20, 2025.
• Ukraine’s planned $38 billion budget deficit for 2025 is funded, but concerns grow over international support for future years.
• Talks will address debt sustainability, mobilizing domestic revenues, and securing partner financing for Ukraine’s economic recovery.
• The war has severely impacted Ukraine’s economy, with GDP still below pre-war levels despite modest growth in 2023 and 2024.
• Financial sector reforms, including regulation of credit bureaus and development of market infrastructure, are key discussion points.