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

_IMF Staff Country Reports, June 30, 2025_

## Source details

**Canonical URL:** [Ukraine: Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Alternate Executive Director for Ukraine](https://www.imf.org/en/publications/cr/issues/2025/06/30/ukraine-eighth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568152)

## Other formats

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## Bibliographic details
- Published: June 30, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229014861.002

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### Overview
- Publication date: June 30, 2025
- This paper presents Ukraine’s Eighth Review under the Extended Arrangement under the Extended Fund Facility, Requests for Modification of Performance Criteria, Rephasing of Access, and Financing Assurances Review.
- Ukraine’s economy remains resilient, and the authorities met:
  - all end-March and continuous quantitative performance criteria,
  - the prior action, and
  - two structural benchmarks for the review.

### Major findings and priorities
- Fiscal and debt sustainability and support for growth require:
  - progressing with domestic revenue mobilization,
  - strengthening the investment climate,
  - improving governance, and
  - completing the debt restructuring strategy.
- The full and timely disbursement of external support during the program period is indispensable for macroeconomic stability.
- Sustained progress in anticorruption and governance reforms remains crucial.
- Monetary and exchange rate policy guidance:
  - maintaining a tight monetary stance to tackle still-elevated inflation and ensuring inflation expectations remain anchored,
  - fostering greater flexibility in the exchange rate to enable it to play a shock-absorbing role, help prevent external imbalances, and safeguard reserves.

### Performance criteria, actions, and reforms
- Quantitative and institutional performance:
  - All end-March and continuous quantitative performance criteria were met.
  - The prior action was met.
  - Two structural benchmarks for the review were met.
- Reform emphasis:
  - domestic revenue mobilization,
  - investment climate improvements,
  - governance enhancements,
  - debt restructuring completion,
  - anticorruption reforms.

### Subject classification and keywords
- Subject: Budget planning and preparation, Debt sustainability, Expenditure, External debt, Inflation, Prices, Public financial management (PFM)
- Keywords: action plan for customs reform, budget declaration, Budget planning and preparation, Debt sustainability, draft medium-term action plan, draft plan, Europe, Inflation, staff appraisal

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_Source: https://www.imf.org/en/publications/cr/issues/2025/06/30/ukraine-eighth-review-under-the-extended-arrangement-under-the-extended-fund-facility-568152_