A new International Monetary Fund (IMF) mission has begun its work in Ukraine, conducting the first review of the country’s $8.1 billion loan program. According to a report out of KISZó, the mission is led by Gavin Gray, mission chief for Ukraine. The talks will focus on macroeconomic policy, the fiscal situation, and structural reforms.
At stake is another $685.5 million loan tranche that Ukraine could receive as early as next month. IMF approval is key to assuring international creditors and donors that the Ukrainian economy is stable.
This current review is part of the IMF’s expanded financing program. Per the annual Article IV consultation, the mission will assess the country’s compliance with previously agreed economic and financial conditions. Among these is the demand that Ukraine must reduce corruption, modernize its economy, and align with European and international practices and norms.
According to the Kyiv Post, Ukraine is behind schedule on several reform goals it set for March. Particularly problematic are tax measures planned for 2026-2027, several of which have yet to pass the Ukrainian parliament.
According to the newspaper, the Verkhovna Rada failed to adopt the amendment that would have introduced VAT on imported packages under €150, an IMF requirement. Taxes on self-employed entrepreneurs and income from digital platforms also had a deadline of March 31, which has come and gone.
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