Ukraine plans to receive three IMF tranches worth USD 4.5 billion
Source: Ukraine’s finance ministry
In 2024, Ukraine expects to attract three more tranches of $4.5 billion under the IMF’s Extended Fund Facility program.
The Ministry of Finance of Ukraine held a working meeting with the leadership of the European Department of the International Monetary Fund and the IMF mission in Ukraine.
In addition to budgetary issues, including the implementation of the 2024 Budget and preparation for the 2025 budget process, the parties discussed preparations for the fourth revision of the IMF’s Extended Fund Facility program.
The total amount of the EFF program for 2023-2027 is USD 15.6 billion.The EFF is part of the package of international support for Ukraine, which currently amounts to about 122 billion US dollars.
First Deputy Minister of Finance Denys Uliutin expressed gratitude to the IMF for its timely support to Ukraine from the first days of the full-scale invasion and emphasized the importance of the continued functioning of the EFF program.
After the start of the full-scale invasion in February 2022, Ukraine witnessed an unprecedented wave of private support for the army. Citizens, big businesses, charitable foundations, and international philanthropists began financing the country’s defense alongside state assistance provided by international partners. Estimates of total private contributions range from tens to hundreds of billions of hryvnias. However, determining the exact amount remains difficult. In many cases, companies combine military aid, humanitarian programs, tax payments, social spending, and employee support in their reporting.
Rinat Akhmetov’s military initiative, “Steel Front”, has delivered a batch of drones worth UAH 214 million to the 1st “Azov” Corps of the National Guard of Ukraine. This shipment is part of the Metinvest Group’s ongoing support for the unit in 2025.
On October 6, the Administrative Cassation Court within the Supreme Court of Ukraine continued hearing case No. 990/80/25, in which the fifth President and leader of the party “European Solidarity”, Petro Poroshenko, seeks to have Presidential Decree No. 81/2025 from February 12, 2025 — enacting sanctions by the decision of the National Security and Defense Council (NSDC) — declared illegal and annulled. The plaintiff claims the document was falsified and that the sanctions are a tool of political persecution of the opposition, contrary to international norms. Government representatives deny the allegations and insist their actions were lawful. Journalists of Bukvy were present at the hearing.
Rinat Akhmetov’s Metinvest Group has completed the construction of an upgraded underground NATO Role 2 hospital in one of the hottest sectors of the frontline. This is the second stabilization point established under the Steel Front initiative in cooperation with the Medical Forces of the Armed Forces of Ukraine. The new facility, funded by Metinvest with an investment of UAH 21 million, is more secure than the first one thanks to its deeper location underground (over 6 meters) and additional fortifications.
Five armored vehicles “Kozak” have received a new mission – thanks to the support of Metinvest, they have been upgraded to full-fledged command and staff vehicles. These upgraded vehicles are now operating on the front line.