Financial sector news

Ukraine has received another tranche of financial support from the International Monetary Fund (IMF) in the amount of $1.1 billion, the Ministry of Finance of Ukrainereports . This amount was received as a result of the fifth review of the Extended Fund Facility (EFF) program.

During a meeting at the IMF and World Bank Group Annual Meetings in Washington, D.C., Sergii Marchenko and IMF Managing Director Kristalina Georgieva discussed further cooperation. The Minister emphasized that since the beginning of the full-scale invasion, Ukraine has already received more than $11.3 billion from the IMF, and the Fund's support is an important factor in maintaining the financial stability of the state.

The team of the National Bank of Ukraine (NBU) was also actively involved in the discussions. In Washington, the NBU delegation held separate meetings with IMF officials, including Kristalina Georgieva, her deputy Gita Gopinath, and Alfred Kammer, director of the European Department. NBU Governor Andriy Pyshnyi emphasized the importance of cooperation with the IMF, stressing that the Ukrainian economy and financial sector continue to demonstrate resilience. Kristalina Georgieva praised Ukraine's progress in implementing the EFF program and assured that the Fund would continue to support the country.

One of the key results of the talks was the decision to increase funding for 2025. The EFF program now provides for up to $2.7 billion in four tranches, which is significantly higher than the original plan of $1.8 billion.

The NBU is also focused on maintaining macrofinancial stability, given the difficult situation in the energy sector and possible challenges from the political processes in the United States. An important step was the progress in the implementation of the structural framework for assessing financial and operational risks that could affect the stability of the banking system. During the meetings, the parties also discussed the issues of financing the budget deficit in 2025, with the Ukrainian side expressing a clear position on the inadmissibility of resuming the IMF mission in Russia.

The IMF remains one of Ukraine's largest financial partners, second only to the EU and the US. Over the 19 months of the EFF program, Ukraine has successfully completed five reviews, which allowed the