Economy

IMF mission begins meetings with Ukrainian authorities: what will be discussed

A mission from the International Monetary Fund has begun meetings with Ukrainian officials and other partners. This was announced by the IMF’s Resident Representative in Ukraine, Priscilla Tofano, according to "Komersant Ukrainian"

The talks are taking place in the context of the first review of the 2026 Extended Fund Facility and Article IV consultations.

What the IMF said

Priscilla Tofano, the IMF’s Resident Representative in Ukraine, reported that the IMF mission has begun working with Ukrainian authorities.

“The IMF mission, led by Gavin Gray, began meetings today with Ukrainian authorities and other partners in the context of the first review of the 2026 Extended Fund Facility and Article IV Consultations,” Tofano said.

Discussions will focus on macroeconomic policy and key structural reforms.

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What is the Extended Fund Facility

The Extended Fund Facility (EFF) is one of the key instruments of Ukraine’s cooperation with the IMF. It provides not only financial support but also regular reviews of the implementation of agreements.

During these reviews, the IMF assesses how the country is fulfilling its commitments, which reforms are progressing, whether macroeconomic stability is being maintained, and what risks could affect the economy.

For Ukraine, these reviews are particularly important, as cooperation with the IMF serves as a key signal to international partners, donors, and investors.

What Do Article IV Consultations Mean?

Separately, the mission will conduct consultations under Article IV of the IMF Agreements. This is a regular format for assessing the economic policies of a Fund member country.

These consultations analyze the state of the economy, fiscal policy, monetary policy, the financial sector, debt sustainability, inflation risks, and economic growth prospects.

For Ukraine, these consultations are taking place amid a war, high budgetary needs, dependence on external financing, and the need to continue reforms.

What topics might be the focus of the mission

Officially, the IMF has stated that discussions will focus on macroeconomic policy and key structural reforms.

This may cover several areas:

• the state of public finances;
• Ukraine’s budgetary needs;
• tax policy;
• inflation and the foreign exchange market;
• the performance of the banking sector;
• debt sustainability;
• governance reforms;
• anti-corruption policy;
• the energy sector;
• financing the state’s needs during the war.

These are the issues that are traditionally key to evaluating the IMF program and securing further financial support.

As reported by [Komersant] yesterday, the Verkhovna Rada did not support a bill that would have introduced changes to the taxation of international parcels from abroad. The bill proposed eliminating the tax-free threshold for goods valued at up to 150 euros and imposing VAT on such shipments.

Taxation of international parcels was part of a package of tax changes linked to Ukraine’s agreements with the International Monetary Fund.

Previously, the parties agreed to maintain flexibility in implementing the structural benchmarks of the financing program amid the war.

The first review of the IMF program is scheduled for June 2026. If it is successful, Ukraine will receive an additional $686 million.

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