Monitoring the implementation of the IMF programme and the EU macro-financial framework (November 2023)

Cooperation with international partners is critical for Ukraine today, as domestic budget revenues are only sufficient to finance defence and security.

The European Union, the International Monetary Fund and other partners are ready to help. However, their goal is not just to give money, but to create the preconditions for Ukraine’s economic development and growth, so that in time we can finance our needs without donor assistance.

To this end, the loan memoranda contain structural beacons (IMF) and commitments (EU). These are the changes that Ukraine needs to make to achieve macroeconomic sustainability and create the basis for economic growth.

Commitments under financial support programmes are not required by donors, they are primarily required by Ukraine. Fulfilling these conditions is the path to a strong economy and the well-being of Ukrainians. And it is also the way to gain the trust of all international partners and foreign businesses.

That is why the RRR4U consortium is launching regular monitoring of Ukraine’s compliance with the terms of key international financing programmes of the IMF and the EU.

In the first issue, we analysed the results of the IMF Extended Fund Facility (EFF) and the EU Macro-Financial Assistance programme as of November 2023.

RRR4U (Resilience, Reconstruction and Relief for Ukraine) is a consortium of four Ukrainian civil society organizations: Center for Economic Strategy, IED, Institute of Analytics and Advocacy and DiXi Group with the support of the International Renaissance Fund.