Overview
- An IMF mission led by Gavin Gray started meetings in Kyiv on Wednesday to carry out the first formal review of the four-year Extended Fund Facility and to conduct 2026 Article IV consultations.
- The EFF was approved by the IMF Executive Board in February and Ukraine received the program's first tranche in early March under the $8.1 billion package.
- Discussions will concentrate on macroeconomic policy choices and key structural reforms, with a particular emphasis on measures to broaden the tax base.
- Ukrainian officials have not yet issued public comments about the meetings, which the IMF says will assess progress on the program's conditionality.
- The mission's assessment will feed into program monitoring and could affect the timing and size of future disbursements and the government's ability to fund public services while it advances pending tax and fiscal legislation.