Prime Minister Denys Shmyhal expects a tranche of USD 400 million from the International Monetary Fund (IMF) under the 7th review of the Extended Fund Facility (EFF), not USD 900 million, as previously planned, because Ukraine does not lack funds.
Prime Minister Shmyhal said this during a press conference on the occasion of the fifth anniversary of the government's work, the Ukrainian News agency reports.
"We understand that we have passed the seventh review of the IMF program, we will receive a small tranche - 0.4 billion, but this is a very important element of our financial stability and financial infrastructure, in which Ukraine is surviving today in times of war," he said.
Shmyhal noted that all other financing instruments for Ukraine are actually concentrated around the IMF program: the Ukraine Facility from the European Union, under which Ukraine is expected to receive EUR 12.5 billion this year, and EUR 18 billion from the EU in the form of macro-financial assistance.
He added that under the agreement with the UK, Ukraine will receive over USD 3 billion, contributions from Japan and Canada are still expected.
"All this in total is equal to the budget deficit that we have, and we understand how we will cover it, so we feel quite confident in our financial situation. And, by the way, it is precisely this confidence in such reliable liquidity that this year made it possible to reduce the IMF tranche. It was our joint agreement with the IMF that they would give us not 900, as previously agreed, but 400, because Ukraine today has enough funds, enough liquidity to survive in these conditions. Therefore, we have complete order in finances, I assure you," the Prime Minister said.
As the Ukrainian News agency earlier reported, according to Shmyhal, the government estimates the need for international assistance to finance the 2025 state budget deficit at USD 38 billion. Ukraine planned to attract USD 2.7 billion from the IMF in 2025 based on the results of four quarterly reviews.
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