IMF program for Ukraine under threat: fund prepares new conditions

The International Monetary Fund is considering the possibility of ending the current financing program for Ukraine and launching a new, longer-term one. Such scenarios are being discussed as part of preparations for the next phase of cooperation.

This is reported by Forbes, citing informed sources.

The updated program will include a review of Ukraine’s reform commitments, including: restarting the Bureau of Economic Security, changes in the customs service, repealing the “Lozovoi amendments,” and introducing transparent corporate governance rules in state-owned enterprises. In particular, it concerns the open selection of members of supervisory boards and heads of state-owned companies.

A key point that could become a permanent condition of the program is maintaining the independence of NABU and SAPO. According to sources, any interference in the activities of these bodies could jeopardize further financing from the IMF.

Sources also note that some of the commitments of the current program may be transferred to the new one. The priority will remain reforms in the executive branch, in particular, the transparent appointment of the head of the BEB and the reboot of customs.

The decision to change the program has not yet been finalized, but the government is already conducting relevant consultations. New agreements may be concluded by the end of the year.

According to experts, the updated format of cooperation with the IMF will become for Ukraine not only a source of financing, but also a lever for preserving key reforms during a period of military threat.

We will remind you that in the near future, the International Monetary Fund will transfer $500 million in financing to Ukraine.

As reported, the International Monetary Fund expects that hostilities in Ukraine may end by the end of 2025.

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