Monitoring the Implementation of the IMF Program and EU Assistance №4

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.

The RRR4U Consortium continues to regularly monitor Ukraine’s fulfilment of its commitments under the IMF financing programme. Following the successful third review of the programme, Ukraine received USD 890 million from the IMF. No new structural benchmarks were introduced, but one benchmark was modified and three were postponed.

In March, the EU provided Ukraine with EUR 4.5 billion in transitional financing under the Ukraine Facility, followed by EUR 1.5 billion in April following the fulfilment of five indicators.

The European Commission has approved the Ukraine Plan. The document now awaits final approval by the EU Member States. This will pave the way for Ukraine to receive EUR 1.9 billion in financing.

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 EU, the IMF and other partners are ready to support Ukraine. However, their goal is not simply to provide funding, but to create the conditions for Ukraine’s economic development and growth.

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