In 2024, Ukraine is required to pay the IMF almost $3 billion for servicing loans

In 2024, Ukraine is obligated to pay the International Monetary Fund (IMF) 2.19 billion Special Drawing Rights (SDR) for the servicing of previously provided loans.

SDR (Special Drawing Rights) is an artificial reserve and payment instrument issued by the IMF. Converted at the current exchange rate into dollars, the debt amounts to 2.9 billion dollars.

The peaks of payments fall in March and September 2024. In each of these months, Ukraine needs to pay the IMF 705.5 million dollars.

Data on the amounts of payments to the Fund by month are provided in the table.

As previously announced by the Cabinet of Ministers of Ukraine, the IMF Board of Directors approved another review of Ukraine’s financing program. Kyiv is expecting to receive 880 million dollars soon, which will go towards “covering key budget expenditures” and maintaining macrofinancial stability.

The situation with Ukraine’s payments is being commented on in Ukrainian Telegram channels.

“It is clear why the government sought to receive a new tranche from the IMF precisely this month, but it is also clear that a large part of the recently agreed 880 million dollars will immediately return to the IMF as payments from Ukraine on old loans,” Ukrainian journalists write.

Earlier, the IMF determined that Ukraine requires $42 billion of external financing in the current year.