IMF Says It Cannot Yet Size Ukraine’s Financing Needs as Mission Readies

Overview

• IMF spokesperson Julie Kozak said the Fund is not ready to provide figures on Ukraine’s future external financing requirements.
• Kozak said an IMF mission will begin work soon to discuss a potential new program focused on macroeconomic stability, debt sustainability and structural reforms.
• The IMF will factor Ukraine’s renewed failure to restructure $2.6 billion of GDP‑linked warrants into its debt sustainability analysis and any program design, after talks with holders controlling 35% of the instruments ended without a deal.
• Financing discussions will center on two pillars: domestic efforts such as local borrowing, spending control and a credible 2026 budget, and international support consistent with maintaining debt sustainability.
• EU economy chief Valdis Dombrovskis said commercial borrowing is no longer feasible for Ukraine, pointing to grant-based options under discussion as Kyiv cites roughly €16 billion still needed in external funding.