International Monetary Fund
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.
The National Bank of Ukraine presented a macro forecast for 2026-2028, expecting $54 billion in international aid in 2026. Key risks include missile strikes and funding delays.
Pakistan uses ties with the US and Iran to mediate in the war. The country hopes to strengthen its economic position and international authority.
Ukraine received the second IMF tranche of about $690 million under the four-year EFF program. The funds will be directed to support macro-financial stability and priority expenditures.
The Ministry of Energy refuted information about fixing increases in gas and electricity tariffs from 2027. It was emphasized that the memorandum only provides for the preparation of a roadmap for energy sector reform by the end of 2026.
Ukraine has committed to the IMF to gradually increase tariffs for gas, heating, and hot water. At the same time, it plans to provide targeted support to vulnerable households.
IMF published an updated memorandum with new deadlines for tax reforms in Ukraine. The abolition of VAT for the simplified system has been postponed until 2028.
The IMF Executive Board completed the first review of the EFF program for Ukraine, allowing the allocation of a new tranche of about $690 million. The Fund urged Ukraine to accelerate reforms, particularly anti-corruption and governance reforms.
New Prime Minister Serhiy Koretsky, in his first international conversation with the IMF, discussed a tranche of $690 million. The parties agreed to coordinate steps for financing Ukraine's 2027 budget.
The parliament supported the resignation of Prime Minister Yulia Svyrydenko along with the Cabinet of Ministers with 258 votes. The successor will temporarily be Denys Shmyhal.