The IMF team, led by Uma Ramakrishnan, Deputy Director of the IMF’s European Department, is currently in Kyiv for discussions with Ukrainian authorities and partners. The meetings will focus on the economic policy objectives of the Ukrainian authorities and the challenges they face.
On February 13th, the IMF team will join an inaugural meeting of the Steering Committee of the Ukraine Capacity Building Fund, under IMF patronage. This gathering will bring together Ukrainian authorities, development partners, and IMF staff to discuss priorities for enhancing Ukraine’s capacity and the role that the IMF can play in supporting this effort.
In December 2023, Ukraine received a third tranche of funding worth approximately $900 million from the IMF under its Extended Fund Facility (EFF) program. The IMF team is also participating in an ongoing mission led by Gavin Gray in Warsaw as part of a third review of the EFF program. As previously reported, Ukraine has been granted funding requirements for 2024.
These discussions are crucial for evaluating Ukraine’s current economic situation and determining what support is needed to address its challenges and achieve its policy objectives. The support provided by the IMF plays a significant role in helping Ukraine overcome its economic obstacles and move forward towards a prosperous future. It also reflects the ongoing cooperation and partnership between Ukraine and the International Monetary Fund.