The IMF is ready to provide significant economic support to Ukraine.

The aid will be delivered within the framework of a new full-fledged loan, IMF managing director Kristalina Georgieva said after a visit to Kyiv. She praised Ukraine’s efforts to transform the economy, which shrank by more than 30% in 2022 after the Russian invasion. Ukraine has received $2.7B in aid from the IMF as part of the Rapid Wartime Financing Instrument. Although the IMF does not usually provide full credit programs to countries involved in military conflict, it may make an exception given the scale of the war and its global significance. The IMF’s latest review confirmed Ukraine’s progress but did not provide any potential details of a new aid program. However, Georgieva hinted that this will be a long-term commitment. The head of the IMF added that corporate governance and the fight against corruption will be a major part of the program.