Ukraine will be able to secure the external financing needed for its 2027 state budget if it fulfils its commitments, Vladyslav Rashkovan, Ukraine’s Alternate Executive Director at the International Monetary Fund (IMF), has said.
Axar.az reports, citing Interfax-Ukraine, that the IMF estimates Ukraine’s external financing needs for next year at $30-35 billion.
“The money will be there if we continue working as we have over the past few months,” Rashkovan said in an interview with Interfax-Ukraine on the sidelines of the IMF and World Bank Group Annual Meetings in Bangkok on October 12-18.
He said Ukraine’s 2027 budget envisages $52.5 billion in non-military financing, of which around $20 billion has already been secured or covered by assurances under existing support instruments. The remaining $32.6 billion requires additional confirmation.
He added that funding for this year’s budget expenditures had been secured through assurances from international partners, but much of the financing expected in the fourth quarter depends on Ukraine meeting conditions under various programmes.
“This year, to receive the money, we have to meet the conditions. That is why the delay occurred: of the nearly $30 billion that remained to be received by year-end, Ukraine was supposed to receive up to $10 billion earlier,” he said.