Ukraine has received the first tranche of $1.5 billion under the new four-year IMF Extended Fund Facility (EFF) programme. The programme was approved by the IMF Executive Board on February 26, 2026.
The funds have already been credited to the state budget and will be used to finance priority expenditures and ensure macro-financial stability amid the ongoing full-scale war.
The total volume of the new EFF programme is $8.1 billion for 2026–2029. It takes into account the updated macroeconomic and security conditions facing the country, as well as the continued significant current and medium-term fiscal needs of Ukraine.
“I am grateful to the International Monetary Fund for its trust and consistent support of Ukraine. Since the beginning of the full-scale war, $14.9 billion in financial assistance from the Fund has been received by the state budget. Following the approval of the new programme, we will continue actively working on implementing jointly agreed reforms to ensure macroeconomic stability, strengthen governance, support reconstruction efforts, and ultimately advance Ukraine’s European integration. The first programme review is expected in June of this year,” said Ukrainian Finance Minister Serhiy Marchenko.
The programme envisages the implementation of a balanced fiscal policy, including measures to strengthen revenue mobilization by creating equal conditions for taxpayers and reducing opportunities for tax evasion.
The new programme will also help attract large-scale external financial support to cover budgetary needs. According to joint estimates by the Government of Ukraine and the IMF, the total external financing gap in 2026–2029 is expected to be approximately $136.5 billion under the baseline scenario.
