The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine to provide $8.2 billion over four years under a renewed Extended Fund Facility (EFF) programme.
The funding is intended to support Ukraine’s economic stability from 2026 to 2029 amid the ongoing war with Russia. The IMF said the programme includes fiscal and monetary policies aimed at maintaining macroeconomic stability, restoring debt sustainability, tackling corruption, and improving governance.
Under the current $15 billion IMF programme, Ukraine has already received $10.6 billion.
Kyiv requested additional support in September 2025 as the country faces a sharp decline in foreign aid while spending nearly all domestic revenues on military operations, with the 2026 draft budget allocating approximately $62.8 billion to defence.
The country still needs $61 billion to cover pensions, schools, hospitals, and other public services in 2026 and 2027.
The IMF highlighted the importance of prompt donor support to avoid liquidity strains, noting that the programme will be recalibrated based on progress toward a durable peace. Ukraine must also complete specific reforms to access the funding, including strengthening independent anti-corruption institutions, increasing competition in public procurement, broadening the tax base, and preventing tax fraud.
The extended funding requires approval from the IMF’s Executive Board and depends on Kyiv meeting prior reform conditions and securing assurances from international donors.
The announcement comes as the European Union prepares a legal framework for a reparations loan, leveraging frozen Russian central bank reserves, while Ukraine continues negotiations on U.S. President Donald Trump’s 28-point peace plan.
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Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
U.S. President Donald Trump warned Iran to expect further strikes on Saturday (7 March). In a post on social media, he said Iran would be 'hit very hard'. His comments came a week into the conflict with Iran, which has spread across the Middle East.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
Recent operations by the U.S. military have led some to believe that a decapitating strike is a silver bullet capable of fixing any foreign policy problem swiftly. However, this logic is flawed, and the risks of relying on swift, targeted actions are too great to ignore.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries, in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said.
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