IMF mission for second EFF program review expected in November
The International Monetary Fund (IMF) mission for the second review of the Extended Fund Facility (EFF) program is expected in November, and by then it would be desirable to have confirmation of all sources of the $52.6 billion in external financing needed to cover the state budget deficit in 2027, Ukrainian Finance Minister Serhiy Marchenko said.
The International Monetary Fund (IMF) is expected to send a mission to Ukraine for the second review of its Extended Fund Facility (EFF) program in November. Finance Minister Serhiy Marchenko emphasized the importance of confirming all sources of the $52.6 billion in external financing required to cover Ukraine's 2027 state budget deficit.
As of now, about $32.6 billion still needs confirmation, with hopes of $17.5 billion coming from the EU and the rest covered by various sources, including bilateral financing and guarantees. The government is keen on increasing financing through frozen Russian assets, though no immediate solutions are available. The IMF Executive Board approved a new four-year EFF program worth $8.1 billion for 2026-2029 in February 2026, with the first review completed in July and the second tranche of $690 million disbursed.
However, some structural benchmarks under the program were not met on schedule. Following the first review, eight additional structural benchmarks were added to the updated EFF program. An IMF mission visited Kyiv in late August-early September to discuss the state of cooperation. The second review could result in Ukraine receiving SDR 0.50 billion (approximately $0.7 billion), while the third review, scheduled for the end of the year, could see Ukraine receiving SDR 0.70 billion (approximately $0.95 billion).
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
