International partners have so far guaranteed Ukraine only one-third of the financial assistance needed for 2026–2027. Kyiv may need a new IMF programme to replace the one adopted in 2023.
This was stated by the head of the National Bank of Ukraine (NBU), Andriy Pyshnyi.
Pyshnyi reported that the NBU’s baseline macroeconomic forecast assumes Ukraine will receive $35 billion in international assistance in 2026 and $30 billion in 2027.
However, for the next year (2026), only $22 billion in funding sources have been identified so far. Negotiations are ongoing regarding the remaining amount.
“Our cooperation with the IMF will be part of these negotiations. We are working with them to shape a concept and approach for a new, updated Extended Fund Facility programme,” he said.
The head of the NBU noted that the new programme “will take into account the new realities related to security risks, recovery dynamics, the macroeconomic situation, and geopolitics.”
According to the NBU forecast, Ukraine is expected to receive around $54 billion in external financial aid in 2025, of which nearly $24 billion has already been received. Among the remaining $30 billion, the largest inflows are expected under the ERA Loans programme ($18 billion by the end of the year) and the Ukraine Facility programme ($8 billion).
The current IMF programme with Ukraine for 2023–2027 envisions $15.6 billion in funding from the IMF and about $150 billion from international partners.
