IMF, Ukraine Strike Staff-Level Deal on $8.2 Billion, 48‑Month Program as Fund Sizes Multi‑Year Financing Gap

Overview

• IMF and Ukrainian representatives reached a staff-level agreement on a new financing program totaling about $8.2 billion over 48 months, according to an IMF statement.
• The IMF estimates Ukraine will require roughly $63 billion in external financing over the next two years, mission head Gavin Gray said.
• In its baseline scenario, the Fund puts Ukraine’s total external financing gap for 2026–2029 at approximately $136.5 billion.
• Meetings between the IMF mission led by Gavin Gray and Ukrainian authorities took place November 17–21.
• Ukrainian officials have indicated the IMF board’s decision and an initial disbursement are expected in January, as donors press Kyiv to expand domestic sources of financing.