Ukrainian Prime Minister Yulia Svyrydenko officially initiated a request to the International Monetary Fund for the establishment of a new credit program, which is intended to provide stable support to the state over the next few years.
This is reported by Finway
“I handed a letter to the head of the IMF mission, Gavin Gray, requesting a new cooperation program that should support Ukraine over the next few years. We agreed to continue the necessary consultations between our teams in the coming months to achieve a positive decision from the IMF Board of Directors by the end of the year”
Current Cooperation with the IMF and Budget Challenges
The current cooperation program between Ukraine and the IMF is set to last until 2027. However, as previously explained by the head of the National Bank, Andriy Pyshny, the main focus of the existing agreement is on post-war reconstruction. At the same time, given the continuation of hostilities, Ukraine is forced to formulate the next state budget on a wartime basis. In 2026, key priorities will remain funding for defense and social protection, for which it is necessary to find both internal resources and additional international support.
Prospects for Reforms and Investment Attraction
Yulia Svyrydenko also emphasized that during negotiations with IMF representatives, the issue of attracting investment for the development of the private sector was discussed in detail, as well as the need for deregulation and the restoration of the energy sector. According to her, these areas are critically important for ensuring sustainable economic growth in Ukraine in the coming years.