“China, not the U.S., has the greatest influence on the course of the war in Ukraine”, – former MP
07.03.2025 21:29
“Hundreds Dead”: The U.S. Ban on Sharing Intelligence with Kyiv Led to Heavy Losses for Ukraine’s Armed Forces – Time
08.03.2025 09:33
The National Bank of Ukraine (NBU) reported today on the country’s financial situation for February 2025.
According to its data, Ukraine’s foreign exchange reserves shrank by 6.7% (approximately $3 billion), bringing the total down to $40.1 billion.
The NBU stated that $2.5 billion was spent on foreign exchange market interventions to support the hryvnia’s exchange rate, while another $770.5 million was used for government debt payments. The largest portion of these payments—$428.9 million—went to the International Monetary Fund (IMF).
Despite the ongoing war, the IMF has not granted Ukraine any payment deferrals or restructuring and continues to collect debt payments.
On February 20, an IMF mission arrived in Kyiv for the seventh review of Ukraine’s Extended Fund Facility (EFF) program. Based on the mission’s conclusions, Ukraine expects to receive a loan tranche of $917.54 million.
However, the IMF’s official spring schedule indicates that Ukraine faces 10 loan payments totaling $1.1 billion (or 817.2 million Special Drawing Rights (SDR) in IMF currency). This means that even if Ukraine receives the expected tranche, it will not be enough to cover its current IMF obligations, forcing the government to find additional funds from the state budget or secure loans from other sources.
Last fall, Ukraine negotiated an IMF loan tranche of approximately $1.1 billion, but those funds were quickly used to repay existing debts.
According to forecasts, Ukraine’s national debt is expected to exceed its GDP for the first time this year.
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