Sergii Marchenko and IMF Managing Director Kristalina Georgieva discussed key reforms for the country's financial stability

Minister of Finance of Ukraine Sergii Marchenko met with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva on the sidelines of the G7 Finance Track meeting in Canada.

The parties discussed the current state of cooperation between the Government of Ukraine and the IMF, particularly the priority reforms aimed at strengthening Ukraine’s financial resilience.

Sergii Marchenko expressed gratitude to Kristalina Georgieva and her team for their constructive work. The IMF remains a key partner to Ukraine, providing expert support for the implementation of effective  policies.

"The Government remains committed to the reform pace outlined to maintain macroeconomic stability and achieve better economic outcomes, even in the context of the full-scale war. The successful completion of seven reviews under the Extended Fund Facility Program - an unprecedented achievement in the history of our cooperation with the IMF - is clear proof of this. We are now working with the IMF mission on the eighth review and expect a positive outcome for Ukraine," the Finance Minister noted.

During the meeting, the parties discussed Ukraine's progress in mobilizing domestic budget revenues, maintaining debt sustainability, the pace of external financing inflows, and the implementation of Ukraine’s National Revenue Strategy. Effective implementation of the Strategy will contribute to increased revenues, improved tax compliance, the fight against tax evasion, and support Ukraine’s EU accession process.

The IMF mission for the eighth review of the Extended Fund Facility (EFF) - a four-year, USD 15.5 billion program approved in March 2023 - is taking place in Ukraine from May 20 to 27.

Following the review, Ukraine is expected to receive the next tranche of approximately USD 487 million. To date, Ukraine has fulfilled 2 structural benchmarks required for the successful completion of the eighth review. In total, the country has already met 42 structural benchmarks under the EFF program.

For 2025, the IMF program foresees up to USD 2.3 billion in support across four reviews. The first USD 400 million was disbursed to the state budget in March 2025. Overall, Ukraine has already received eight tranches totaling about USD 10.1 billion under the EFF program.

In turn, Kristalina Georgieva reaffirmed the Fund’s continued support for Ukraine.

As a reminder, since the beginning of the full-scale invasion, Ukraine has received over USD 12.8 billion in budget support from the IMF alone. The International Monetary Fund is Ukraine’s third-largest financial partner in terms of assistance provided, after the EU and the United States.