The IMF team has commenced talks with Ukrainian authorities and partners in Kyiv to discuss ongoing support. Led by Uma Ramakrishnan, Deputy Director of the IMF’s European Department, the discussions will focus on Ukraine’s economic policy objectives and the challenges confronting its economy.
On February 13th, the IMF team will attend the inaugural meeting of the Steering Committee of the Ukraine Capacity Building Fund, under IMF patronage. This gathering will bring together Ukrainian authorities, development partners, and IMF staff to discuss priorities for enhancing Ukraine’s capacity and the IMF’s support for this crucial task. In December 2023, Ukraine received the third tranche of funding worth about $900 million from the IMF under the Extended Fund Facility (EFF) program.
Additionally, an IMF mission led by Gavin Gray will begin discussions with Ukrainian authorities in Warsaw as part of the third review of the IMF-supported Extended Fund Facility. As previously reported, the IMF disclosed that Ukraine requires funding in 2024. These discussions will be critical for evaluating the economic situation in Ukraine and determining necessary support for the country. The support from the IMF plays a vital role in helping Ukraine address its economic challenges and achieve its policy objectives. It is also a reflection of ongoing cooperation and partnership between Ukraine and the IMF.