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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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of July, covering the latest developments you need to know.
President Donald Trump said the United States will target Iran’s heavily fortified Pickaxe Mountain site “pretty soon” as he meets with Lebanese president Michel Aoun. Meanwhile, U.S. forces carried out a 10th consecutive night of strikes on Iran while Tehran continues to target Gulf countries.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
Daniel Siad, a modelling scout whose name appeared in documents linked to convicted sex offender Jeffrey Epstein, has been found dead at his home near Paris, French prosecutors said. He was 69.
ASEAN foreign ministers opened the 59th ASEAN Foreign Ministers’ Meeting in Manila on 21 July, launching four days of talks that run until 24 July. The agenda includes South China Sea tensions, Myanmar’s conflict and growing U.S.-China rivalry.
Canadian Foreign Minister Anita Anand has renewed calls for an immediate de-escalation and permanent ceasefire in the Middle East while she warned that the humanitarian situation had become "quite grave". Anand also raised concern over tensions in the South China Sea.
Pakistan has asked the U.S. for a $10 billion exchange stabilisation facility, according to a source briefed on the matter. If approved, the funding would bolster the country's foreign exchange reserves and provide a major boost to its cash-strapped economy.
A satirical online campaign has become one of the largest youth-led protest movements against Prime Minister Narendra Modi’s government, fuelled by anger over exam failures, unemployment and concerns about India’s education system.
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