Ukraine: Seventh Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Alternate Executive Director for Ukraine

IMF Staff Country Reports, March 28, 2025

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Ukraine: Seventh Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Alternate Executive Director for Ukraine

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Bibliographic details

• Published: March 28, 2025
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798229007122.002

Summary and Context

• Publication date: March 28, 2025
• This paper presents the Seventh Review under the Extended Arrangement under the Extended Fund Facility (EFF), Requests for Modification of a Performance Criterion, Rephasing of Access, and Financing Assurances Review.
• The document is part of IMF Staff Country Reports.

Key Findings and Program Performance

• Ukraine’s economy remains resilient, and performance remains strong under the EFF despite challenging conditions.
• The authorities met:
  • all end-December and continuous quantitative performance criteria,
  • the prior action for this review,
  • the majority of structural benchmarks.
• Sustained reform momentum, progress at domestic revenue mobilization, as well as full and timely disbursement of external support during the program period, is necessary to:
  • safeguard macroeconomic stability,
  • restore fiscal and debt sustainability,
  • improve governance.

Financial Sector and Market Oversight

• The financial sector remains stable, but vigilance is needed given heightened risks.
• Institutional weaknesses in the security markets regulator need to be tackled.
• Improving Ukraine’s capital markets infrastructure is identified as one of the key steps to attracting foreign capital for reconstruction.

Subject Areas and Keywords

• Subject: Budget planning and preparation, Expenditure, Inflation, Prices, Public financial management (PFM)
• Keywords: administrative court, Budget planning and preparation, EU directive, Europe, Inflation, inflation expectation, merchandise trade deficit, preliminary data

Content in this bundle

• Ukraine: Seventh Review — IMF staff report
  • Ukraine: Seventh Review — IMF staff report (Markdown version)
  • Ukraine: Seventh Review — IMF staff report (PDF)