Ukraine has reached a staff-level agreement with the International Monetary Fund (IMF) on a new four-year support program worth $8.2 billion, according to a Telegram statement by Ukrainian Prime Minister Yuliia Svyrydenko on November 27.
Svyrydenko stated that the agreement resulted from a week of intensive work in Kyiv with an IMF mission led by Gavin Gray, describing the outcome as a positive result for Ukraine.
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She stated that the total volume of the program is $8.2 billion over four years and that “this program will help finance critical expenditures, preserve macrofinancial stability and attract additional external support, which is critically important for us in the coming years.”
The Prime Minister said the IMF had confirmed the resilience of Ukraine’s economy, noting that despite strikes on the energy system and infrastructure, the economy continues to function, and the country is demonstrating an ability to manage risks and maintain stability in very difficult conditions.
She also added that the government has prepared the 2026 state budget in line with the framework of the new IMF program, emphasizing a focus on the efficiency of every hryvnia spent. She stated that the Cabinet is counting on support from members of parliament when the draft budget is approved in its entirety.
Svyrydenko stressed that Ukraine is maintaining its course on reforms, listing as unchanged priorities macroeconomic stability, debt sustainability, transparency and strong institutions.
She added that Kyiv aims to strengthen governance in the state sector, including through an ongoing reset of corporate governance in state-owned enterprises and a continuing competition to select a new head of the customs service.
She thanked the IMF team for its support throughout the years of full-scale invasion and said Kyiv is now awaiting approval of the program by the IMF Executive Board.
Earlier, it was reported that the IMF Executive Board completed the sixth review of Ukraine’s Extended Fund Facility, approving a $1.1 billion tranche to support critical budgetary spending and bringing total disbursements under the program to about $9.8 billion.
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