Overview
- The IMF and Ukrainian officials reached a staff-level agreement on Friday, June 12, to complete the first review of a four-year $8.1 billion Extended Fund Facility and to permit a roughly $690–700 million disbursement.
- The payment is conditional on formal approval by the IMF Executive Board expected next month and on Kyiv meeting new timetables and corrective measures set in the review package.
- IMF staff said Ukraine met all quantitative performance criteria through the end of March, but several structural benchmarks on governance, revenue measures and energy-sector changes have lagged or been delayed.
- As part of the compromise, the IMF allowed Ukraine to postpone a law to tax international parcels until July and secured additional commitments on taxing digital income, closing loopholes, anti-corruption steps and stronger state-owned enterprise oversight.
- The EFF runs through early 2030 and is meant to anchor macro-financial stability during the war by backing priority spending and encouraging revenue-raising reforms, with the IMF stressing continued fiscal discipline and risks from the conflict.