Monitoring the Implementation of the IMF Program and EU Assistance №1

Cooperation with international partners is critical for Ukraine today, as domestic budget revenues are only sufficient to finance defence and security.

The European Union, the International Monetary Fund and other partners are ready to help. However, their goal is not just to give money, but to create the preconditions for Ukraine’s economic development and growth, so that in time we can finance our needs without donor assistance.

For this purpose, structural benchmarks (IMF) and policy conditions (EU) are included in the loan memoranda. These are the changes that Ukraine needs to make to achieve macroeconomic sustainability and create the basis for economic growth.

Commitments under financial support programmes are not needed by donors – they are needed by Ukraine first and foremost. Fulfilling these conditions puts Ukraine on the path to a strong economy and the well-being of Ukrainians. It is also the way to gain the trust of all international partners and foreign businesses.

That is why the RRR4U consortium is launching regular monitoring of Ukraine’s compliance with the terms of key international financing programmes, such as the IMF and the EU.

In the first issue, we analysed the results of the IMF’s Extended Fund Facility (EFF) and the EU’s Macro-Financial Assistance programme as of November 2023.