Mon Jun 30 19:52:56 UTC 2025: **Summary:**

The International Monetary Fund (IMF) has completed its eighth review under the Extended Fund Facility for Ukraine, providing the country with a disbursement of $500 million. This brings the total disbursements under the program to $10.6 billion, which will be used for budget support. The IMF maintains Ukraine’s 2025 growth forecast at 2%-3%, despite the ongoing war with Russia. The IMF acknowledges the war’s devastating impact on Ukraine’s economy but commends the country’s resilience. The IMF also emphasizes the importance of Ukraine completing its debt restructuring strategy.

**News Article:**

**IMF Releases $500 Million to Ukraine Amid Ongoing War**

*The Hindu, July 1, 2025*

Washington D.C. – The International Monetary Fund (IMF) announced on Monday it has completed its eighth review under the Extended Fund Facility for Ukraine, approving the disbursement of approximately $500 million (SDR 0.37 billion) to the war-torn nation. This latest tranche brings the total financial aid provided under the IMF’s program to $10.6 billion.

According to the IMF, the funds will be utilized for crucial budget support as Ukraine continues to grapple with the devastating social and economic consequences of the ongoing conflict with Russia.

Despite the challenging circumstances, the IMF is maintaining its 2025 growth forecast for Ukraine at 2%-3%. This projection takes into account factors such as a smaller electricity deficit, balanced by lower gas production and weaker agricultural exports.

“Russia’s war continues to take a devastating social and economic toll on Ukraine,” stated Gita Gopinath, the IMF’s First Deputy Managing Director. “Nevertheless, macroeconomic stability has been preserved through skillful policymaking as well as substantial external support.”

Gopinath further noted the war’s impact on the Ukrainian economy, citing labor market strains and damage to energy infrastructure as factors tempering growth. The IMF stressed the importance of Ukrainian authorities completing their debt restructuring strategy, which is seen as essential for creating fiscal space, reducing risks, and restoring debt sustainability. The IMF will continue to monitor the situation in Ukraine closely.

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