In December, the International Monetary Fund approved the results of the second review of Ukraine’s financing program, noting significant progress in meeting its obligations in the face of war. The IMF also provided a new list of structural benchmarks for 2024, including enhancing of the independence of anti-corruption bodies, the rebooting of the Bureau of Economic Security, and optimization of the budget and banking sector. This review enabled Ukraine to receive the third tranche of support amounting to approximately $900 million.

The successful fulfillment of commitments (EU) and structural benchmarks (IMF) is crucial for uninterrupted access to further financial support, which is of critical importance to Ukraine amid the ongoing war. Their completion serves as a signal of implementing reforms and changes for macroeconomic stability, expectations from our partners.

In the second issue, we analyzed the results of the Extended Fund Facility (EFF) and the EU Macro-Financial Assistance program as of January 2024.