In Kyiv, on 14 November, Prime Minister of Ukraine Denys Shmyhal met with the International Monetary Fund mission led by Gavin Gray, Head of the IMF Mission to Ukraine.
The meeting was also attended by Minister of Finance of Ukraine Sergii Marchenko.
The Prime Minister thanked the IMF team for continuing work of the mission in Kyiv in full, as he said it helped to better understand Ukraine’s urgent needs.
“We successfully completed the 5th review of the EFF programme at the end of October. We have fulfilled all the structural benchmarks for the 6th review. Based on the results of the current mission, we expect to receive the next tranche of USD 1.1 billion at the end of December,” said Denys Shmyhal.
In this context, the parties discussed the further implementation of the reforms envisaged by the Memorandum of Cooperation and Ukraine’s progress, which the Fund highly appreciates.
The participants of the meeting touched upon macro-financial issues and the needs of Ukraine for external financing. According to the Prime Minister, the Government has prepared a draft state budget for 2025 for the second reading: “We understand how we will finance key expenditures. We have reliable support from the IMF, the World Bank, the U.S., and the EU through the Ukraine Facility programme, as well as funding through the ERA instrument.”
Denys Shmyhal thanked the IMF team for their consistent assistance to Ukraine in difficult times.