During meetings in Washington this week between representatives of the Ukrainian government and the International Monetary Fund, significant progress was made in negotiations regarding the launch of a new funding program for Ukraine. However, as noted by the IMF, there is still much work ahead, particularly concerning securing financial guarantees for the implementation of the future program.
This is reported by Finway
Plans for the New IMF Program for Ukraine
The head of the National Bank of Ukraine, Andriy Pyshnyy, emphasized that the new cooperation program with the IMF, planned for 2026–2029, should be a continuation of the current initiative that started in March 2023 and has already proven effective. According to him, the future program must take into account the realities of war and the high level of uncertainty faced by the country.
“We also hope that it will be based on a decision to open a reparations loan for Ukraine,” added Pyshnyy.
IMF Pressure on the Hryvnia Exchange Rate
According to Bloomberg, the IMF is suggesting that the National Bank of Ukraine consider the possibility of a controlled devaluation of the hryvnia. In the opinion of the Fund’s experts, this could help the state stabilize its financial situation and increase budget revenues denominated in hryvnias. At the same time, the National Bank is currently not agreeing with this position, arguing that it poses potential risks for inflation and could provoke a negative reaction from the public.