Ukraine's International Financing Needs Assessment Through 2029
The International Monetary Fund estimates that Ukraine's international financing needs for the years 2026-2029 will reach approximately $65 billion, significantly surpassing previous government evaluations.
This information was shared by Roksolana Pidlasa, the head of the Budget Committee of the Verkhovna Rada, during a briefing with the IMF representative in Ukraine, Priscilla Toffano, for economic advisors of EU member states regarding the 2026 budget.
Pidlasa stated, "The IMF considers medium-term perspectives. The new collaboration program with the IMF will span 4 years – from 2026 to 2029. Indeed, the IMF preliminarily assesses Ukraine's unmet international financing need at $65 billion for this period."
She explained that this funding gap is not evenly distributed over the four years, particularly with Ukraine having the least arrangements for international support in 2027.
Starting in 2028, the European Commission plans to allocate €100 billion for Ukraine as part of the EU's seven-year budget, which is already counted as part of the agreed financing.
Pidlasa reminded that just a few months ago, the government estimated the lack of international support for only two years at $37.4 billion, but these figures had to be revised due to an increase in the deficit specifically in 2026.
According to her, a key factor in assessing the need for external budget financing is the assumptions about the duration of the war and the corresponding defense expenditures.
"It is possible to predict the security situation in 2027, but in my opinion, this is purely a theoretical matter. Therefore, in communication with international partners, it's crucial to present a medium-term perspective, but we must focus on the most urgent task – covering the $18.1 billion that we lack for 2026," Pidlasa emphasized.
