According to the IMF, Ukraine’s economic performance remains strong despite challenging conditions, with all end-September quantitative performance criteria and structural benchmarks being met successfully.

IMF Managing Director Kristalina Georgieva stated that “Russia’s war in Ukraine continues to take a devastating social and economic toll on Ukraine. Despite the war, macroeconomic stability is being preserved through skillful policymaking by the Ukrainian authorities as well as substantial external support.”

Ukrainian Finance Minister Serhii Marchenko noted that Ukraine has successfully passed six reviews under the EFF program, securing approximately $9.8 billion out of the total $15.6 billion available under the program.

The IMF program forms part of a larger $148 billion international support package for Ukraine. The organization indicates that economic growth projections for 2024 have been upgraded due to better-than-expected resilience to energy shocks, though a slowdown is anticipated in 2025.

According to Ukraine’s Finance Ministry, Ukraine’s next steps are outlined in the joint Memorandum with the IMF on economic and financial policy, including structural reforms in public finances, financial sector, monetary policy, governance, anti-corruption measures, and the energy sector.

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