IMF to give Ukraine technical assistance to raise investment

MOSCOW. Dec 5 (Interfax) - The International Monetary Fund (IMF) will provide Ukraine's Economy Ministry with technical assistance to develop strategic planning to raise investment.

This agreement was reached at a meeting between Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko and IMF First Deputy Managing Director Gita Gopinath, Ukrainian media outlets said, citing Sviridenko's statement on social media.

"We discussed the state of the labor market, the situation in the energy sector, and expected budget support from our partners in the near future," she said.

On November 29, Ukraine also approved its state ownership policy, which is one of the IMF benchmarks, Sviridenko said.

As reported, based on the outcomes of the fifth review of the Extended Fund Facility (EFF), launched in March 2023, Ukraine received the sixth tranche of $1.1 billion on October 23, 2024, bringing the total amount of such payments to $8.7 billion out of the program's $15.6 billion.

The EFF, which was updated following its fifth review, amended the schedule of reviews and disbursements transferred following its reviews at Ukraine's request. If earlier, the EFF envisioned only two reviews for 2025, in early March and late August, with disbursements of $917.5 million each to be allocated following them, now the schedule for next year includes four quarterly reviews, as it was this year. The eighth disbursement following the seventh review in March remained unchanged at $917.5 million, while the next three disbursements scheduled for next year stand at $809.6 million, $539.8 million and $445.3 million, respectively.