Ukraine agrees on the next steps with the IMF mission and expects three more tranches totaling $4.5B this year.

The Ukrainian government has synchronized with the mission of the IMF in further joint steps to restore economic growth and carry out reforms. The key areas are the restoration and decentralization of energy, localization of military product production, increasing production of agricultural products and processing, expansion of export opportunities, and support for de-occupied territories.

The parties discussed the implementation of the government’s action program for 2024, which covers 11 key priority areas of economic development and the ratification of the agreement between Ukraine and the EU regarding the €50B Ukraine Facility program.

The parties also discussed creating the Strategic Investment Council, which should form a single project portfolio of public investments, strengthen their effectiveness, and develop proposals for improving domestic legislation.

The Ministry of Finance noted that this year Ukraine expects to receive three more tranches from the IMF with a total volume of $4.5B under the Extended Fund Facility (EFF) program. The total volume of the EFF for 2023-2027 is $15.6B.