A key decision regarding financial support for Ukraine, upon which the functioning of the state budget depends, will be made in the coming days. Prime Minister Serhiy Koretsky has officially confirmed the date of the International Monetary Fund (IMF) Executive Board meeting, where the vote on the first review of the Extended Fund Facility (EFF) program will take place.
Diplomatic breakthrough on the first working day
The Prime Minister announced the exact timing for the consideration of fund allocation after his first international phone call in his new position. Serhiy Koretsky spoke with Dan Katz, the First Deputy Managing Director of the IMF. During the conversation, the parties discussed the technical preparations for the meeting and confirmed that it will take place on July 20.
Receiving a positive decision from the IMF Executive Board will trigger the transfer of the next tranche of financial assistance to Ukraine. The amount in question is $690 million. These funds are necessary to operationally cover the budget deficit amidst current security challenges.
Strategy for 2027
The conversation with the Fund's leadership went beyond current tranches. Serhiy Koretsky and Dan Katz agreed to coordinate further steps aimed at ensuring the financing of Ukraine's state budget for 2027. This indicates that the parties intend to build a long-term partnership rather than limiting themselves to targeted assistance.
Recall that Serhiy Koretsky officially took office as Prime Minister on July 16. The Verkhovna Rada approved his candidacy, submitted by the President, with the votes of 289 People's Deputies. Thus, the issue of IMF support became one of the first priorities of the new government's work.
Context of cooperation with the Fund
Cooperation with the IMF remains a fundamental element of Ukraine's financial stability. In June 2026, Ukraine and the Fund already reached a staff-level agreement on the first review of the four-year Extended Fund Facility (EFF) program. The total volume of this program is $8.1 billion. The current Board of Directors meeting will be the next important stage in the implementation of this large-scale agreement.
