The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
The move brings total IMF disbursements to Ukraine under the four-year programme to $10.6 billion.
The IMF Board's approval comes amid ongoing war-related challenges, with the Fund reiterating its warning that Ukraine continues to face "exceptionally high" risks to its economic outlook due to Russia's ongoing invasion.
“Russia’s war continues to take a devastating social and economic toll on Ukraine. Nevertheless, macroeconomic stability has been preserved through skillful policymaking as well as substantial external support,” said IMF First Deputy Managing Director Gita Gopinath in a statement.
Despite the ongoing conflict, Ukraine has met all performance criteria under the program and has established four new reform benchmarks. These include steps to modernize the financial market infrastructure, implement international valuation standards, and improve alignment with global practices on securitization and bond markets.
The IMF also granted more time for Ukraine to meet certain structural commitments, such as appointing a new head of the State Customs Service. Ukrainian authorities have additionally requested a rephasing of access to IMF funds to better match their financing needs through the remainder of 2025, although no specifics were disclosed.
The Fund maintained its 2025 economic growth forecast for Ukraine at 2–3%, noting that lower gas production and weaker agricultural exports are weighing on recovery. It also indicated that Ukraine will likely require a supplementary budget for the year to manage continued fiscal pressures related to the war.
The review could also open the door for Ukraine to revisit stalled negotiations over restructuring its GDP-linked warrants. Earlier this month, Ukraine’s debt chief Yuriy Butsa told Reuters that the IMF’s review would provide a logical point to resume talks on that front.
The latest tranche underscores the critical role of international financial assistance in supporting Ukraine's economy during wartime, as the country continues efforts to stabilize its finances and implement long-term reforms amid severe external shocks.
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Russian attacks have forced Ukraine to suspend activities at several major gas facilities this month, the state energy company said on Thursday, leaving Kyiv in need of more imports.
Britain’s top intelligence officer has revealed MI5 thwarted an attack from China within the past week, as he issued a stark warning that Beijing presents a “daily” threat to the UK’s national security.
Afghanistan’s Foreign Minister, Amir Khan Muttaqi, returned to Kabul on Wednesday from an all important, week-long official visit to India.
President Donald Trump has said he will meet his Russian counterpart Vladmir Putin for face to face talks in Hungary after a phone call on Thursday.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
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.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
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.
Russian attacks have forced Ukraine to suspend activities at several major gas facilities this month, the state energy company said on Thursday, leaving Kyiv in need of more imports.
Britain’s top intelligence officer has revealed MI5 thwarted an attack from China within the past week, as he issued a stark warning that Beijing presents a “daily” threat to the UK’s national security.
Afghanistan’s Foreign Minister, Amir Khan Muttaqi, returned to Kabul on Wednesday from an all important, week-long official visit to India.
President Donald Trump has said he will meet his Russian counterpart Vladmir Putin for face to face talks in Hungary after a phone call on Thursday.
Nearly 700 million people worldwide are living in extreme poverty, surviving on under $2.15 per day, according to the World Bank’s latest estimates released ahead of the International Day for the Eradication of Poverty.
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