IMF assistance acts as a catalyst for Ukraine’s financial support from other countries,

the head of the IMF, Kristalina Georgieva, emphasized. She notes that the IMF’s 2023-2027 program with Ukraine for will provide $15.1B. However, Georgieva states the program will generate a total of $122B over four years.

“This gives the Ukrainian authorities predictability that there will be funding,” she added.

Georgieva stated that the third review of the program was successfully completed in March, and it shows that Ukraine has managed to post some positive economic indicators despite the war.

“GDP growth is 5.3%, inflation is 3.2%, tax collection is about 36% of GDP,” Georgieva pointed out.

The head of the IMF specified that the fund estimated Ukraine’s external financing needs for the current year at $42B.

“We are confident that these needs will be met,” she summarized.

Ukraine’s agreement with the IMF on the EFF program was approved on March 31, 2023. Ukraine has received political commitments from international partners to provide $122B by 2027. This year alone, IMF support should amount to more than $5B.