IMF begins Ukraine loan review that could unlock US$1.67 billion

The International Monetary Fund has begun a review of Ukraine's lending programme that could allow about US$1.67 billion in fresh financing. Starting the review does not mean the funds have been approved or transferred; the assessment must first reach a successful conclusion.

The talks combine the second and third reviews of the country's four-year programme. They will cover macroeconomic and fiscal policy, structural reforms and the budget and international financial assistance expected for 2027.

The review matters beyond the potential payment itself. Cooperation with the fund helps Ukraine secure support from other partners while its economy faces pressure from continuing Russian attacks on businesses, energy infrastructure and major sources of revenue.

Gross domestic product fell by 0.7% compared with a year earlier in the third quarter. The central bank expects the economy to contract by 0.4% across 2026 and inflation to reach 12.5%. Those full-year numbers are forecasts rather than final results.

Ukrainian officials put next year's financing gap at about US$70 billion. Meetings are planned in Lviv and Warsaw, with some experts joining remotely. The review is one part of attempts to stabilise public finances, not confirmation that the wider funding shortfall has been filled.