Successful cooperation with international partners remains critical for Ukraine. It is crucial for the financing of priority state budget expenditures (since domestic revenues are used for security and defence). That is why the RRR4U Consortium continues to regularly monitor Ukraine’s compliance with the terms of the IMF financing programme and the implementation of the Ukraine Plan, the fulfilment of which is the basis for EU assistance under the Ukraine Facility.

Fulfilment of obligations under financial support programmes is necessary not for donors, but for Ukraine to achieve economic sustainability and transition to growth and increase the welfare of Ukrainians. It is also a way to gain the trust of all international partners and foreign businesses.

The US and the EU have made important decisions to support Ukraine as part of the Group of Seven package of up to USD 50 billion, which will be secured by Russian assets, through the Emergency Revenue Acceleration Facility.

The current monitoring takes into account the results of the implementation of the benchmarks and indicators as of the end of October 2024.

Ukraine is largely in compliance with its main commitments under the IMF Programme, as well as with the Ukraine Plan, which is the basis for EU assistance to Ukraine.

The IMF allows for some flexibility in this programme, allowing for the rescheduling of several structural benchmarks during the year. The macroeconomic forecast was revised, which was a challenge for the fifth review. Therefore, Ukraine has already received USD 1.1 billion from the IMF. Ukraine has already received USD 1.1 billion from the IMF as a result of the fifth review of the programme.

For the first time, there was a risk of not receiving a timely tranche from the EU under the Ukraine Facility: one indicator was met only in October. The absence of a mechanism to provide payment for partially met indicators is a risk of not receiving tranches of EU assistance.