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Ukraine and IMF Reach Staff-Level Deal on Four-Year Program Worth About $8.2 Billion

The agreement awaits IMF Executive Board approval before funds can flow.

Overview

  • The arrangement is a 48-month Extended Fund Facility that sets a policy anchor for fiscal and monetary management.
  • It focuses on stabilizing the economy, restoring debt sustainability and external viability, and bolstering anti-corruption and governance efforts.
  • The IMF projects a total financing gap of about $136.5 billion for 2026–2029, including roughly $63 billion of residual needs in 2026–2027.
  • Ukrainian authorities pledged to widen the tax base and curb evasion by taxing digital-platform income, tightening customs for consumer imports, and removing VAT registration exemptions.
  • The government says the draft 2026 budget reflects the program’s framework, with ongoing steps to strengthen procurement practices and state-sector oversight.