Published by Global Banking & Finance Review®
Posted on August 7, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleZelenskiy and IMF's Georgieva discussed a new financial aid program for Ukraine to address the country's ongoing budget challenges.
WASHINGTON (Reuters) -Ukraine's President Volodymyr Zelenskiy said he discussed a new financial assistance programme for the war-torn country with International Monetary Fund Managing Director Kristalina Georgieva in a phone call on Thursday.
"We discussed a new programme of financial assistance that will strengthen Ukrainians now and in the post-war period," Zelenskiy wrote on the Telegram messaging app.
"We are prepared to carry out the necessary steps quickly. The government is already working on this."
The IMF confirmed the discussion took place, ahead of an expected staff visit to Ukraine later this month.
Ukraine's new prime minister, Yulia Svyrydenko, also spoke with Georgieva earlier this week as Kyiv works to cover a widening budget deficit. Ukrainian authorities have said they could face a shortfall of about $19 billion next year alone.
Ukraine's current $15.5-billion programme with the IMF expires in 2027.
Officials say the current IMF programme needs to be updated given that Ukraine's needs have changed as the war drags on. Moscow invaded its smaller neighbour in February 2022.
Svyrydenko on Wednesday appointed a new economic security chief as part of a campaign to strengthen governance, fulfilling a key condition for Kyiv to continue receiving wartime support from Western lenders.
Analysts say Ukraine's financing gap will widen significantly next year if Russia keeps up its intense attacks across the country and the government fails to act on demands for reform from foreign lenders.
IMF spokesperson Julie Kozack told reporters last month that IMF staff and authorities would intensify discussions about the 2026 budget and Ukraine's financing needs for the medium term.
(Reporting by Ron Popeski, Olena Harmash and Andrea Shalal in Washington; Editing by Rod Nickel, Kirsten Donovan)
Zelenskiy discussed a new financial assistance program for Ukraine that aims to strengthen the country during and after the war.
Ukraine's current $15.5 billion program with the IMF is set to expire in 2027 and needs to be updated due to changing needs amid the ongoing war.
The Ukrainian government is prepared to quickly implement necessary steps for the new financial assistance program and is already working on it.
Ukrainian authorities have indicated they could face a widening budget deficit if Russia continues its attacks and if there is a failure to act on reform demands from foreign lenders.
IMF spokesperson Julie Kozack mentioned that discussions would intensify regarding Ukraine's financing needs for the medium term, particularly concerning the 2026 budget.
Explore more articles in the Headlines category
