EU to provide Ukraine with €90 billion after IMF programme approval
The provision of €90 billion to Ukraine by the EU is linked to the approval of a new four-year IMF programme, which is expected in February.
Source: Ukraine's Prime Minister Yuliia Svyrydenko, while speaking to journalists, as reported by Ukrinform
Quote from Svyrydenko: "The International Monetary Fund plans to consider the next programme of support for Ukraine by the end of February. This decision will determine whether we receive €90 billion in assistance from the European Union in April, as planned."
Details: However, Svyrydenko expressed confidence in a positive decision on Ukraine by the IMF.
As for the EU loan, it is intended for 2026-2027.
"This year we expect €60 billion, of which €15 billion should go to budget support and €45 billion to the procurement of weapons and equipment. Next year the distribution will be €15 billion and €15 billion," Svyrydenko said.
She added that Finance Minister Serhii Marchenko and Defence Minister Mykhailo Fedorov are currently preparing monthly estimates of Ukraine's financial needs in order to agree the tranches.
After these calculations are finalised, they will be submitted to partners, allowing financing to begin as early as April.
Background:
- Earlier, Prime Minister Yuliia Svyrydenko stated during a question-and-answer session with the government that the Cabinet of Ministers will not submit a bill in February to introduce VAT for sole proprietors.
- It was also reported that the Board of Directors of the International Monetary Fund may approve a new four-year Extended Fund Facility (EFF) programme for Ukraine in February, but this will depend primarily on Ukraine fulfilling agreed prior actions.
- After meeting with IMF Managing Director Kristalina Georgieva, Ukraine's Prime Minister Yuliia Svyrydenko said the discussion focused on preparations for approving the next IMF support programme, which is crucial for maintaining Ukraine's macro-financial stability.
Support Ukrainska Pravda on Patreon!