The IMF’s executive board rubber-stamped the deal on Thursday (Feb 26), following a staff-level agreement reached between the Fund and Kyiv in late November. “Ukraine and its people have weathered a long and devastating war for over four years with remarkable resilience,” Kristalina Georgieva, IMF managing director, said in a statement Thursday. However, it comes as Hungary holds up a €90 billion (US$106 billion) European Union loan package to Ukraine. Donors’ support is key for Ukraine, as the IMF calculated a financing gap of around US$136.5 billion over the programme period. This is the second IMF programme for the country since Russia’s invasion of Ukraine.

Source: The Edge Markets February 27, 2026 05:00 UTC