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IMF’s Georgieva Makes Unannounced Kyiv Visit to Advance Four-Year Program

Board approval awaits verified progress on required reforms.

Overview

  • Kristalina Georgieva met President Volodymyr Zelenskyy, Prime Minister Yuliia Svyrydenko, and National Bank chief Andriy Pyshny to discuss IMF support.
  • Talks centered on preparing a new 2026–2029 Extended Fund Facility, building on a November staff-level agreement for roughly $8.1–$8.2 billion in access.
  • Georgieva reaffirmed the IMF’s support and highlighted the need to continue reforms and maintain monetary policy that preserves macroeconomic stability.
  • She is assessing progress on conditions tied to the program, including the 2026 budget, measures to broaden the tax base and raise revenues, and securing large-scale donor financing.
  • Ukrainian officials highlighted wartime energy damage and severe winter pressures, and the NBU discussed program parameters and the importance of forthcoming IMF Board consideration.