The agency has released $690 million while acknowledging that Kiev hasn’t met structural reform benchmarks
The International Monetary Fund (IMF) has approved another tranche of its loan to Ukraine despite acknowledging that Kiev isn’t on schedule implementing reforms aimed at tackling corruption.
In a statement issued on Monday, the IMF said its Executive Board had completed the first review of Ukraine’s 48-month Extended Fund Facility (EFF), approving the release of a $690 million tranche. The latest payment brings total IMF disbursements under the $8.1 billion loan program to approximately $2.2 billion, according to the fund.
The IMF said the program’s performance has been “broadly satisfactory,” but noted that reform implementation had slowed. It cited “slippage” in structural reforms, including governance and anti-corruption measures. “Several structural benchmarks [were] completed with a delay or missed,” it said, adding that revised timelines for key reforms had been agreed upon.
Anti-corruption reforms have long been among the IMF’s central conditions when lending to Ukraine. Under the loan program, Kiev pledged to strengthen anti-graft institutions, improve governance, and implement a series of structural reforms, with each tranche of funding contingent on regular reviews of its progress.
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