The IMF initiates a new EFF program review with Ukraine with $487M at stake.

On May 20, the IMF began its mission for the eighth review of the Extended Fund Facility (EFF) for Ukraine. The previous day, a foundational meeting was held with representatives from the National Bank of Ukraine (NBU), the Ministry of Finance, and IMF teams to discuss the program’s progress and the mission’s agenda.

“The primary topics of discussion during the mission will include plans to enhance domestic revenue mobilization, ensure debt sustainability, and advance structural reforms in the financial sector. Additionally, as we prepare for reconstruction, we will focus on improving public investment management and reforming the financial market’s infrastructure to encourage private financing,” stated the NBU.

Controlling inflation remains the National Bank’s top priority. During the IMF mission, strategies to mitigate inflationary pressures will be addressed, along with potential avenues for increased currency liberalization. The IMF mission is scheduled to run from May 20 to 27 and if successful, can unlock $487.4M in financing for Ukraine.