The International Monetary Fund (IMF) mission on November 9 began negotiations with the Ukrainian authorities as part of the combined second and third reviews of the Extended Fund Facility (EFF) program. If the reviews are successfully completed, Ukraine will be able to receive about $1.67 billion.

Ekonomichna Pravda reported the start of the mission, citing the Fund's official release.

"The IMF mission led by Gavin Gray begins discussions today with representatives of the Ukrainian authorities in the context of the combined second and third review of the Extended Fund Facility (EFF) program", - said IMF Resident Representative in Ukraine Priscilla Toffano.

The main focus of the negotiations will be on the macroeconomic and budgetary policies of the Ukrainian authorities, as well as the implementation of key structural reforms.

Earlier, on November 6, the Cabinet of Ministers reported that Prime Minister Serhiy Koretsky had a conversation with the Director of the IMF's European Department, Mateusz Szczurek, and representatives of the mission.

The parties identified the main areas for future consultations, including fiscal policy, the state of the financial sector, de-shadowing of the economy, preparation of the state budget for 2026, and attracting international financial support in 2027-2028.

Teams from the Ministry of Finance and the National Bank of Ukraine will work on these issues together with Fund representatives.

Special attention will be paid to the parameters of the state budget for 2027. The Verkhovna Rada has already supported the budget bill in the first reading, but the government plans to refine the document before the second reading, taking into account the results of consultations with the IMF.

"It is important to have agreed parameters for all key indicators and external financing volumes. The budget must be balanced, meet the challenges of wartime, and guarantee financing for the state's priority needs", - Koretsky said.

As a result of the two reviews, Ukraine expects to receive approximately $1.67 billion in financial assistance. However, the disbursement of funds will depend on the assessment of program commitments, the availability of sufficient external financing guarantees, and the final decision of the IMF Executive Board.

Recall that the current four-year EFF program worth $8.1 billion was approved by the IMF in February 2026. In July, the Fund completed its first review, allowing Ukraine to receive about $690 million. Total disbursements under the program after that reached approximately $2.2 billion.

As previously reported by "Kurs Ukrainy", the IMF plans to complete the second and third reviews by the end of 2026. Among the key conditions remain the continuation of reforms and confirmation by international partners of their readiness to meet Ukraine's financial needs.

Based on materials from: "Ekonomichna Pravda", Cabinet of Ministers of Ukraine, International Monetary Fund