The International Monetary Fund (IMF) team is currently in Kyiv, Ukraine, to hold meetings with government officials and partners to discuss ongoing support for the country. Led by Uma Ramakrishnan, Deputy Director of the IMF’s European Department, the team will focus on the economic policy objectives of Ukrainian authorities and the challenges facing the Ukrainian economy.
On February 13th, the IMF team will participate in an inaugural meeting of the Steering Committee of the Ukraine Capacity Building Fund under IMF patronage. This gathering will bring together Ukrainian officials, 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 a third tranche of funding worth approximately $900 million from the IMF under its Extended Fund Facility (EFF) program.
In addition to these discussions, Gavin Gray, an IMF mission leader, will also begin talks with Ukrainian authorities in Warsaw as part of a third review of the EFF program. The IMF has previously reported that Ukraine requires funding in 2024.
These meetings are critical for assessing Ukraine’s economic situation and determining necessary support for the country. The assistance from the IMF is vital in helping Ukraine address its economic challenges and achieve its policy objectives. It also reflects ongoing cooperation and partnership between Ukraine and the IMF.