Ministry of Finance and the IMF mission have started discussions regarding the second and third reviews of the EFF programme

On November 9, working meetings between representatives of the Ministry of Finance of Ukraine, the National Bank of Ukraine, and experts from the International Monetary Fund (IMF) began as part of the second and third reviews of the Extended Fund Facility (EFF) programme.

During the mission, the parties will discuss the status of Ukraine's fulfillment of its obligations under the EFF programme, the current macroeconomic situation, challenges, and further steps in implementing structural reforms.

Special attention will be paid to the preparation of the draft State Budget of Ukraine for 2027 for the second reading, in particular, the coordination of its key indicators and the identification of sources of international financing to cover the budget needs for the next year.

On October 28, the Parliament of Ukraine supported the draft State Budget for 2027 in the first reading and approved the Budget Conclusions. Currently, the Government is processing the Parliament's proposals and preparing the updated document.

To complete the budget's second reading, it is necessary to agree on the key budget indicators with the IMF. The Government plans to submit the finalised draft after holding appropriate consultations with the Fund.

Cooperation with the IMF remains one of the key factors in maintaining Ukraine's macro-financial stability. Successfully passing the programme review is important both for receiving further financing from the Fund and for securing support from other international partners.

Background

On February 26, 2026, the IMF Executive Board approved a new four-year Extended Fund Facility (EFF) programme for Ukraine amounting to USD 8.1 billion.

The programme is designed for 2026–2029 and aims to support macroeconomic and financial stability, ensure debt sustainability, and continue structural reforms.

Since the implementation of the new EFF programme began, Ukraine has already received about USD 2.2 billion in state budget support. Following the next review of the programme, by the end of 2026, it is expected to attract about USD 1.66 billion in financing from the IMF, subject to the adoption of the respective decision by the IMF Executive Board.