International Monetary Fund
European leaders are considering using frozen Russian assets to provide loans to Ukraine that may not be repaid. This move is a response to the cessation of financial support from the US and Kyiv's growing needs.
The US opposes the EU's plan to use frozen Russian assets to support Ukraine, citing risks to market stability. This move is a setback for the EU, which has been trying to persuade G7 countries to join its initiative.
The National Bank of Ukraine set the official dollar exchange rate for October 20 at 41. 73 hryvnias. In the cash market, the dollar rose by 10 kopecks, trading at 41.95 hryvnias.
The International Monetary Fund is pressuring the National Bank of Ukraine to devalue the hryvnia, which could strengthen the country's finances. NBU officials resist, citing risks to inflation and public sentiment.
The US supports the new IMF lending program for Ukraine and the EU initiative to provide a loan based on Russian assets. This was stated by European Commissioner for Economy Valdis Dombrovskis.
Yulia Svyrydenko participated in the G7 finance ministers' meeting in Washington, where the use of frozen Russian assets was discussed. She emphasized the need to direct these funds towards Ukraine's recovery and compensation for damages.
IMF Managing Director Kristalina Georgieva plans to visit Ukraine to express support and discuss a new loan package. Previous assistance could reach about $8 billion, but negotiations could be difficult due to the need for guarantees from Ukraine's allies.
Prime Minister of Ukraine Yulia Svyrydenko discussed the development of business cooperation with the newly appointed President of Eximbank USA, John Jovanovic. She emphasized the importance of demonstrating Ukraine as a reliable partner, ready for cooperation in energy, infrastructure, logistics, and critical minerals extraction.
Ukrainian Prime Minister Yulia Svyrydenko met with IMF leadership. An agreement was reached for a negotiating mission to visit soon to discuss a new program for 2026-2029.
The Ukrainian delegation met with the IMF leadership to discuss continued cooperation and a new program for 2026-2029. This program is intended to support Ukraine's economic stability.
Prime Minister Yulia Svyrydenko, with a government team, the head of the NBU, and representatives of Naftogaz, is working in the USA. The delegation is participating in the annual meetings of the IMF and the World Bank, discussing energy, sanctions, and cooperation with the USA.
Ukraine's international reserves increased by 1. 1% in September 2025, reaching USD 46,518.6 million. The growth was driven by receipts from international partners and a decrease in net foreign currency sales by the NBU.
Ukraine has passed eight reviews of the IMF financing program, and its international financial support is payment by partners for security services. NBU Governor Andriy Pyshnyi noted that the stability of these revenues is guaranteed for the coming years.
The NBU Board discussed with the heads of Ukraine's 30 largest banks expectations regarding a new program with the IMF. NBU Governor Andriy Pyshnyy emphasized the need to develop a new program design to ensure regular inflows of external financing and to take into account Ukraine's European integration movement.
Ukrainian Foreign Minister Andriy Sybiha reacted to Hungarian Prime Minister Viktor Orban's statement about his country's unwillingness to be in integration associations with Ukraine. Sybiha noted that the countries are already members of many international organizations and formats.
The European Bank for Reconstruction and Development has lowered its forecast for Ukraine's GDP growth in 2025 to 2. 5% due to the impact of Russian aggression and a poor harvest. At the same time, the forecast for 2026 remains at 5%.
The European Union is considering providing Ukraine with a reparation loan of up to 130 billion euros. The size of the loan will be determined after the IMF assesses Ukraine's financial needs in 2026-2027.
Ukraine is starting its fourth heating season under wartime conditions, with Rivne Oblast being the first to begin. Heating tariffs remain unchanged, and the country is preparing for possible Russian strikes on energy infrastructure.
President of Ukraine Volodymyr Zelenskyy discussed Ukraine's priorities with the President of the UN General Assembly, Annalena Baerbock. Among them are attention to the situation in the occupied territories and support for a resolution on human rights.
President of Ukraine Volodymyr Zelenskyy met with Hereditary Prince Alois of Liechtenstein. They discussed the continuation of humanitarian aid to Ukraine and threats from Russia, including violations of NATO airspace.
The government submitted to the Verkhovna Rada the Program of Activities of the Cabinet of Ministers of Ukraine, which contains 12 priorities. The document covers national security, integration into the EU, the fight against corruption, and other important areas.
The International Monetary Fund has convinced the Ukrainian government to significantly increase its forecast for additional financing that the country will need by the end of 2027, from $38 billion to $65 billion. This is due to Russia's protracted invasion and the need to finance military operations.
President of Ukraine Volodymyr Zelenskyy met with US President's special representative General Keith Kellogg, discussing the situation at the front and the results of the counteroffensive near Dobropillia and Pokrovsk. They also touched upon the development of cooperation between Ukraine and the US, including agreements on drones and the procurement of American weapons.
President of Ukraine Volodymyr Zelenskyy met with Ecumenical Patriarch Bartholomew, discussing peace, religious freedom, and the future of the Ukrainian church. Zelenskyy informed about the protection of religious freedom, cooperation with American partners, and invited the Patriarch to visit Ukraine.
Ukrainian President Volodymyr Zelenskyy met with IMF Managing Director Kristalina Georgieva in New York to discuss economic support and the use of frozen Russian assets. The parties also discussed a new IMF program to enhance the resilience of the Ukrainian economy and Russia's violation of NATO airspace.
Ukraine's draft state budget for 2026 envisages 60 billion euros for security and defense, which accounts for 27. 2% of GDP. Minister of Finance Serhiy Marchenko announced this at a meeting of the EU Council, thanking for the support and outlining financial challenges.
As of early August 2025, the volume of loans issued to Ukrainians and businesses reached UAH 1. 23 trillion, which is 15% more than in 2024. Loans are growing faster than deposits, which amount to UAH 2.79 trillion, but the growth rate of deposits has slowed down.
Global debt has surpassed 235% of GDP, reaching $251 trillion, according to IMF data. Public debt has risen to 93% of GDP, while private debt has decreased to 143%.
The Cyberpolice of Ukraine named five most common types of online fraud, including non-delivery of goods after prepayment and pseudo-bank calls. Cybersecurity expert Kostiantyn Korsun emphasized the importance of increasing cyber literacy among the population to protect against fraudsters.
Economist Oleh Pendzyn stated that the main issue of the State Budget-2026 is finding 120 billion dollars for defense, of which 60 billion dollars should be provided by partners.