Hetmantsev spoke about difficult negotiations with the IMF and the state of the budget

Danylo Hetmantsev held a meeting with IMF representatives / Facebook
Фото: Danylo Hetmantsev held a meeting with IMF representatives / Facebook

The state of Ukraine's public finances remains extremely difficult, and fulfilling obligations to the International Monetary Fund and the European Union is becoming critically important for maintaining external support for the country.

This was stated by the chairman of the parliamentary committee on finance, tax and customs policy, Danylo Hetmantsev, after a meeting with representatives of the IMF mission, which began work in Kyiv on August 31.

“The conversation is extremely difficult. The state of public finances leaves no room for optimism”, — Hetmantsev said.

According to him, during the meeting the parties discussed in detail Ukraine's implementation of agreements under cooperation programs with the IMF and the European Union. They talked, in particular, about tax policy, reform of the financial sector, and development of capital markets.

A significant part of obligations requires the adoption of laws by the Verkhovna Rada. At the same time, as the head of the tax committee noted, in the current conditions the necessary number of votes actually has to be collected separately for each systemic decision.

Hetmantsev named the parliament's primary task as consistent continuation of reforms and timely fulfillment of obligations already taken by Ukraine.

“Macrofinancial stability of the state, further support, and, without exaggeration, the survival of the country depend on this”, — the deputy emphasized.

Poverty and corruption discussed with the IMF

A separate topic of negotiations was the social situation. According to Hetmantsev, the parties discussed measures to combat poverty, the level of which, according to his estimate, doubled compared to the pre-war period.

Representatives of Ukraine and the IMF also considered specific proposals for supporting the population.

In addition, during the meeting, systemic corruption was discussed. In particular, Hetmantsev mentioned problems in the banking sector in the context of the "Forrest Gump" case, as well as combating the legalization of proceeds from crime.

IMF begins new mission in Kyiv

The mission of the International Monetary Fund led by Gavin Gray began meetings with the Ukrainian authorities and other stakeholders on August 31.

The IMF reported that the talks are focused on the prospects for the Ukrainian economy, macroeconomic and structural reforms, as well as the draft state budget for 2027.

In February 2026, the IMF Executive Board approved a new four-year Extended Fund Facility (EFF) for Ukraine totaling 8.1 billion dollars. To date, Ukraine has received 2.2 billion dollars under this program.

In June, Ukraine and the IMF reached a staff-level agreement on the first review of the program. After approval of the results by the Fund's Executive Board, Ukraine should gain access to approximately 690 million dollars.

These negotiations are taking place against the backdrop of the preparation of the 2027 budget and the significant dependence of Ukraine's public finances on international support. During the mission, the parties must determine further steps for implementing the program and agree on key parameters of economic policy.

Based on materials from: Danylo Hetmantsev, International Monetary Fund

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