The International Monetary Fund (IMF) team has begun meetings in Kyiv with Ukrainian authorities and partners to discuss ongoing support. Discussions will focus on the economic policy objectives of the Ukrainian authorities and the challenges confronting the Ukrainian economy.
On Feb. 13, the IMF team will join the inaugural meeting of the Steering Committee of the Ukraine Capacity Building Fund, under IMF patronage. This gathering will convene Ukrainian authorities, development partners, and IMF staff to discuss priorities for enhancing Ukraine’s capacity and the IMF’s support for this crucial task. In December 2023, Ukraine received the third tranche of funding worth about $900 million from the IMF under the Extended Fund Facility (EFF) program.
The IMF team is led by Uma Ramakrishnan, Deputy Director of the IMF’s European Department, who began her tenure in October 2021. She will be joined in Kyiv by other members of her team as well as representatives from various development partners such as World Bank, European Union, and Japan. The discussions will provide an opportunity for both sides to assess each other’s progress towards their respective goals and identify areas where further support may be needed.
In addition to these meetings, an IMF mission led by Gavin Gray will also begin discussions with Ukrainian authorities in Warsaw as part of the third review of the IMF-supported Extended Fund Facility program. As previously reported, Ukraine had requested funding worth around $4 billion from the IMF in 2024 to continue its economic reforms and address its structural challenges.
These discussions are critical for evaluating Ukraine’s economic situation and determining what additional support is needed to achieve its policy objectives. The support provided by