IMF Identifies $10–20 Billion Gap in Ukraine Financing Through 2027

The International Monetary Fund (IMF) has identified a significant gap in Ukraine's projected financing needs for 2026 and 2027, estimating that the country may require $10 to $20 billion more than Kyiv's current forecast of $37.5 billion. This discrepancy emerged during recent IMF staff meetings in Kyiv, where discussions focused on Ukraine's external financing amid ongoing military conflict and economic challenges. Resolving the difference in funding estimates is critical before the IMF can approve a new aid package to succeed the existing $15.5 billion program, which was based on the assumption that the war would end in 2024 and is set to run through 2027. Ukraine's Prime Minister Yuliia Svyrydenko has formally requested a new cooperation program, aiming for IMF Board approval by year's end, after which both parties plan to engage international partners to secure additional funds. The situation is complicated by a reduction in U.S. financial assistance following President Donald Trump's return to office, leaving the European Union as the main donor. The IMF also urges Ukraine to increase tax revenues and reduce its shadow economy, which accounts for over 30% of GDP, while ensuring better verification of military expenditures.