Ukrainian Prime Minister Yulia Sviridenko assured representatives of the media during a meeting that the upcoming funding program from the International Monetary Fund is not linked to the European Union’s decision regarding the provision of a reparations loan to Ukraine, secured by frozen assets of the Russian Federation. According to Sviridenko, the IMF mission is expected to arrive in Ukraine as early as November, and a new funding program amounting to 8 billion dollars could be approved as soon as January. Meanwhile, a decision on the reparations loan is not anticipated before April.
This is reported by Finway
EU’s Position and IMF Conditions
It was previously reported that there are concerns within the European Union regarding the possible refusal of the IMF to approve a new program for Ukraine without the EU making a decision on the allocation of a reparations loan of 140 billion euros. The European Commission believes that providing Kyiv with a loan guaranteed by Russian assets will serve as a significant argument for the IMF regarding Ukraine’s medium-term financial viability.
“The upcoming funding program from the International Monetary Fund will not be directly dependent on the European Union’s decision regarding the provision of a reparations loan to Ukraine, secured by frozen Russian assets.”
Plans for Fund Utilization
Sviridenko also expressed confidence that the EU will ultimately agree to provide the reparations loan. She noted that these funds are planned to be directed towards financing defense needs and covering Ukraine’s budget expenditures. According to her, G7 countries are expected to be involved in the implementation mechanism of the loan, which will ensure broad international support for Ukraine’s financial stability.