During a recent meeting with IMF officials, Serhiy Nikolaychuk emphasized that Ukraine’s ongoing security situation remains a significant challenge for economic planning. The high levels of military spending in 2026 have placed a strain on the country’s fiscal resources, making it difficult to meet the strict conditions of the current EFF agreement. Nikolaychuk explained that the ninth review process has been prolonged due to these factors, which complicate efforts to align with the IMF’s requirements for financial stability.
Nikolaychuk’s comments come as Ukraine continues to seek financial support to bolster its economy amid the war with Russia. The proposed new program would allow for a more flexible approach, enabling the country to prioritize economic growth and integration with the European Union. While the current EFF has provided critical funding, the program’s rigid structure has hindered Ukraine’s ability to address its unique challenges effectively. The new initiative aims to create a more sustainable path for economic recovery, with a focus on long-term stability and reduced dependence on short-term aid.