Monitoring the Implementation of the IMF Program and EU Assistance №7

Successful cooperation with international partners is critically important for Ukraine, as it is essential for financing priority government spending, while domestic revenues are directed towards security and defence.

Fulfilling commitments under financial support programmes is first and foremost in Ukraine’s own interest. It is essential for achieving economic resilience, supporting a return to economic growth and improving the well-being of Ukrainians. It also strengthens the confidence of international partners and foreign businesses.

The RRR4U Consortium continues to regularly monitor Ukraine’s fulfilment of its commitments under the IMF financing programme and progress in implementing the Ukraine Plan, which is a condition for receiving EU assistance under the Ukraine Facility.

This monitoring covers the fulfilment of commitments as of the end of July 2024.

Ukraine continues to fulfil its key commitments under the IMF programme and the Ukraine Plan, which forms the basis for EU assistance to Ukraine.

Ukraine has also moved closer to reaching an agreement with creditors on the restructuring of Eurobonds, which should help alleviate the debt burden and free up resources for defence financing.

At the same time, budget support from the United States is expected.

However, financial needs remain high, making it urgent to provide Ukraine with funding from confiscated Russian assets.