The International Monetary Fund (IMF) Executive Board has completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about $0.4 billion, which will be allocated for budget support.
This will bring the total disbursements under the IMF-supported program to $10.1 billion.
Ukraine’s IMF-supported program helps anchor policies that sustain fiscal, external, and macro-financial stability at a time of exceptionally high uncertainty. The EFF aims to support Ukraine’s economic recovery, enhance governance, and strengthen institutions with the aim of promoting long-term growth in the context of reconstruction and Ukraine’s path to EU accession, said IMF in statement.
“Russia’s war in Ukraine continues to take a devastating social and economic toll on Ukraine. In spite of this, macroeconomic stability is being preserved through skillful policymaking as well as substantial external support. The economy has remained resilient, but the recent growth slowdown is expected to persist in 2025 due to headwinds from energy needs and a tight labor market. Contingency planning is key to enable appropriate policy action should risks materialize," - Ms. Kristalina Georgieva, Managing Director of the IMF, following the Executive Board discussion on Ukraine.
The National Bank of Ukraine (NBU) has tightened monetary policy to respond to the rise in inflation, which remains mainly driven by food prices, while inflation expectations remain well anchored. Reserves remain adequate, sustained by continued sizeable external support. Overall, the outlook remains subject to exceptionally high uncertainty, the statement reads.
According to IMF statement, Ukraine’s performance under the program remains strong. The program remains fully funded, with a total external financing package of $148.8 billion under the baseline scenario and $162.9 billion in the downside scenario over the four-year period. This includes the full utilization of approximately $50 billion from the G7’s Extraordinary Revenue Acceleration (ERA) Loans for Ukraine initiative.
IMF Executive Board welcomed the enactment of the tobacco excise tax law as a positive step to reinforce the authorities' commitment to implementing the National Revenue Strategy. To meet high-priority spending needs, the strategy’s accelerated implementation is considered as essential, including modernizing tax and customs services, reducing tax evasion, and aligning legislation with EU standards. Additionally, strengthening public investment management, improving medium-term budget planning, and enhancing fiscal risk management will contribute to sustainable growth, investment, and fiscal stability.
"While the financial sector remains stable, continued vigilance is necessary due to heightened risks. Addressing institutional weaknesses in the securities market regulator is crucial. Looking ahead, strengthening Ukraine’s capital markets infrastructure will be a key step in attracting foreign investment for reconstruction," - IMF stated and recommended to continue anti-corruption and governance reforms, including appointing a new head for the Economic Security Bureau, completing the audit of the National Anti-Corruption Bureau and amending the criminal procedure code.
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imp...
Venezuelan Vice President and Oil Minister Delcy Rodriguez announced on Monday (October 27) that she will propose suspending a broad energy cooperatio...
Air travel chaos escalated across the United States on Monday as the federal government shutdown stretched into its 27th day, triggering widespread de...
Uzbek President Shavkat Mirziyoyev has met with U.S. President Donald Trump’s Special Envoy for South and Central Asia, Sergio Gor, to discuss prepa...
The UN has warned of an “ugly” humanitarian situation in El-Fasher, North Darfur, where civilians fleeing violence are at risk of starvation and r...
Investors reacted positively to the victory of centrist candidate Rodrigo Paz in Bolivia’s presidential election as markets reopened on Monday, though many warned he faces a daunting task in repairing the country’s battered economy and may ultimately have to soften his opposition to IMF assistance.
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan that would unlock $1.2 billion in funding once approved by the Fund’s Executive Board.
The European Commission will include the International Monetary Fund's (IMF) assessment of Ukraine's financing needs over the next two years in deciding how big the European Union's Reparations Loan to Kyiv should be, EU Economic Commissioner Valdis Dombrovskis said.
The International Monetary Fund (IMF) has approved a $625 million loan programme for Chad to support economic growth and social spending amid regional and economic challenges.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment