International Monetary Fund
Brussels has not approved additional support, demanding reforms to unlock around €34 billion. The conditions include changes to VAT and platform taxation.
The EU has refused to provide Ukraine with part of the loan ahead of schedule due to doubts about the deficit assessment and demands for reforms.
Ukraine has stated that it needs additional billions of euros in 2026–2027. The EU may return to discussions of frozen\r\nRussian assets.
According to the IMF's estimate, Ukraine may face a shortfall of $30–35 billion in 2027, $17 billion in 2028 and $2 billion in 2029. Donors are seeking funds.
Ukraine must pay for orders of drones and missiles in October–November to ensure deliveries at the beginning of the year. The EU and the IMF support efforts to find the funds.
Zelenskyy said that the IMF would help find some of the funds for Ukraine's financial stability next year. They also discussed commitment laws.
Global government debt has reached a record high and will exceed 100% of global GDP by 2029. The IMF has urged governments to reduce deficits.
Against the backdrop of a severe budget deficit and the forced restriction of government spending, it is particularly important to preserve businesses that continue to operate and pay taxes. At the same time, the aviation industry, which despite the closed airspace paid almost UAH 27 billion in taxes and fees in 2022–2025, has come under pressure due to a new interpretation of aviation leasing taxation.
The 2027 draft budget envisages a deficit of 15% of GDP and debt exceeding 110% of GDP. UAH 4.885 trillion is planned to be allocated to security and defense.
Oksana Syroyid called on Ukraine to take responsibility for the functioning of its institutions itself. According to her, foreign experts are unable to change the system.
Despite the reform and change in the BEB leadership, businesses continue to complain about the Bureau’s actions. The situation involving airlines, against which criminal proceedings were opened due to the interpretation of leasing payments as royalties, is illustrative.
Ukraine and Canada agreed to jointly produce drones, electronic warfare systems, and ammunition. The parties are also preparing a Drone Deal and defense supplies.
The global economy weathered the energy shock better than expected. The IMF warned of high energy prices, debt and inflation risks.
The IMF is discussing financing pandemic preparedness in the Congo following the Ebola outbreak. A total of 6,686 cases have been confirmed, and 3,226 people have died.
The government plans to adopt the necessary decisions by November 1 to enable Ukraine to access the funding. The Ukraine Support Loan package for 2026–2027 totals €90 billion.
Ukraine's international reserves stood at $48. 66 billion as of September 1, down 5% over the month. The decline was caused by foreign exchange interventions and lower aid inflows.
G7 ambassadors met with the IMF mission headed by Gavin Gray. They discussed Ukraine’s economic outlook, financial needs, and key reforms.
The Finance Minister forecasts a budget deficit of up to $32. 6 billion and a possible postponement of non-military payments. He called on the EU to use Russian assets.
The Cabinet approved four draft laws to fulfill its obligations to the EU and the IMF. They concern VAT, transfer pricing, capital markets, and the High Anti-Corruption Court.
Prime Minister Serhii Koretskyi met with the IMF mission in Kyiv. The parties assessed financing needs for 2026–2027 and the 2027 budget.
Ukraine may receive up to $1. 66 billion from the IMF by the end of the year. The tranche depends on the adoption of laws and the fulfillment of structural benchmarks.
Zelenskyy criticized lawmakers for the failure to pass three laws that were supposed to unlock $4 billion in aid. He called for decisions to be adopted that would open up $30 billion in support.
Parliament did not support the bills on VAT for imported parcels from the first euro. The documents were sent back to the Cabinet of Ministers for revision.
Budget needs are estimated at €175. 4 billion, of which €133 billion is for defense. Sources to cover the €23.5 billion deficit have not been confirmed.
The IMF mission, led by Gavin Gray, is assessing Ukraine’s reforms and the draft 2027 Budget. The negotiations are taking place במסגרת the EFF program.
An IMF mission is expected in Ukraine starting August 28. Next week, it will assess progress, while parliament will consider the related bills.
MP Yaroslav Zhelezniak said that groundless investigative actions are the main barrier to investment. Ukraine's reconstruction requires $588 billion, including private capital.
As of August 1, Ukraine’s international reserves amounted to $51. 2 billion, decreasing by 0.1% in July. The NBU explained the dynamics by foreign exchange interventions and debt payments.
China defends its economic model, which prioritizes industry over consumption. Beijing shows confidence on the eve of trade negotiations with Europe and the US.
Global oil prices rose about 21% in July due to the escalation of the conflict between the US and Iran. US WTI crude is trading near $84 per barrel, while Brent is around $89.