IMF begins talks that could unlock $1.67 billion tranche for Ukraine

The IMF began talks with Ukrainian officials on 9 November to review two stages of its $8.1 billion lending programme. If the reviews are approved, Ukraine could receive a further $1.67 billion, helping fund the state budget as Kyiv faces a substantial gap in international support.

The discussions cover economic and budget policy, financial stability, required reforms and plans for the 2027 budget. Ukraine estimates it needs $52.6 billion in external financing in 2027, with $32.6 billion still uncovered; IMF estimates put the funding gap across 2027 to 2029 at up to $54 billion. The programme has so far paid out about $2.2 billion, and IMF staff aim to submit the reviews to the fund’s executive board by December.