The International Monetary Fund (IMF) has approved a new funding tranche worth $0.5 billion for Ukraine.

This was reported by the National Bank of Ukraine.

"On June 30, 2025, the IMF Board of Directors approved the latest review of the Extended Fund Facility (EFF) program," the statement reads.

This allows for immediate access to financing amounting to 0.37 billion SDR (approximately $0.5 billion), which will support the state budget. Following this tranche, the total funding under the program will reach $10.6 billion, according to the National Bank.

Program performance indicators remain high, with all quantitative targets achieved as of the end of March this year. One prior action and two structural benchmarks have also been met. Four new structural benchmarks have been established, and the timelines for some of them have been revised to give the government additional time to complete key reforms, the statement notes.

"Considering the updated balance of payments needs, the Ukrainian side has requested the mission to amend the disbursement structure under the EFF program for 2025. The total size of the program remains unchanged at $15.5 billion," the regulator states.

The Ukrainian economy remains resilient, with a growth forecast maintained at 2–3% for 2025. However, risks to the forecast remain exceptionally high and require a clear action plan.

"The IMF noted that given the still high level of inflation, the National Bank's tight monetary policy remains justified, and the NBU must be prepared for further tightening if inflation expectations worsen. Foreign exchange reserves remain at an adequate level due to significant external support," the statement indicates.

The financial sector remains stable but requires close supervision in the face of heightened risks. Improving capital market infrastructure is crucial for attracting private foreign investment in post-war recovery.

The Fund's statement emphasizes that the ongoing war necessitates the adoption of an additional budget for 2025. Restoring fiscal resilience and meeting priority expenditures require decisive efforts to implement the National Revenue Strategy, modernize tax and customs services, and combat tax evasion.

These reforms, together with improving the management of public investments, medium-term budgeting, and fiscal risk management, are critically important for driving growth and attracting investment.

"The Ukrainian authorities continue to work on finalizing their external debt restructuring strategy regarding eurobonds. Achieving agreements in line with the program's debt sustainability objectives is vital for reducing fiscal risks," the NBU reports.

The program remains fully financed: $153 billion under the baseline scenario and $165 billion under the negative scenario over the four-year program period, including the use of approximately $50 billion under the G7 ERA Loans mechanism. Timely and predictable external support is essential for the full financing of the program.

The IMF Board of Directors approved a four-year extended funding program for Ukraine on March 31, 2023. Disbursements under the program are made based on quarterly reviews.