First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko met with the International Monetary Fund (IMF) mission which has started its work in Kyiv for the sixth review of the Extended Fund Facility (EFF) programme. The participants of the meeting discussed the implementation of the indicators of the Ukraine Plan under the Ukraine Facility, the main forecast indicators for 2025, the new funding model of the eOselia programme and labour market reforms.
The IMF delegation included Gavin Gray, IMF Mission Chief for Ukraine, his deputies Sanaa Nadeem and Trevor Lessard, Priscilla Toffano, IMF Resident Representative for Ukraine, Jeroen Clicq, IMF Executive Director for the regional group that includes Ukraine, Vladyslav Rashkovan, IMF Alternate Executive Director, and Emmanuel Mathias, Head of the Governance and Anti-Corruption Division at the IMF.
“Cooperation between Ukraine and the IMF is very important. It ensures macro-financial stability and supports and develops the private sector. We are committed to stimulating economic growth and recovery, creating conditions for the return of Ukrainians from abroad, and implementing the necessary reforms on Ukraine’s path to the EU. And the expertise of the IMF mission helps us find effective tools to solve these problems,” said Yuliia Svyrydenko.
During the meeting, the parties discussed the implementation of the indicators of the Ukraine Plan under the Ukraine Facility. Ukraine has successfully fulfilled 25 indicators of the plan, which allowed it to receive EUR 12 billion under the programme. Another EUR 4 billion is expected to be disbursed for meeting the third quarter’s targets. This will help maintain macroeconomic stability.
Another topic of discussion was the modernisation of the financing model for the state programme for affordable mortgage lending, eOselia. Since its launch, more than 14,000 Ukrainian families have improved their living conditions. The vast majority of borrowers are families of military personnel, law enforcement officers, doctors and teachers. Over this time, the amount of loans disbursed under the programme has reached UAH 22.8 billion. Next year, the Government plans to continue funding the eOselia programme so that more citizens in need of improved housing conditions can benefit from its opportunities.
The parties also discussed the reform of the labour market, the creation of incentives for the return of Ukrainians from abroad, and the implementation of retraining and employment programmes for veterans. This will help them adapt to peaceful life after the war.
The parties also discussed the preparation of a draft law on public procurement reform.