This year, Ukraine will have to pay the IMF more than 70% of what it received from the Fund in loans to service its debts

By the end of 2026, Ukraine will have to repay the International Monetary Fund most of the money it receives under the new lending program—71.1% of the amount—toward debts on previous IMF loans.

This follows from the IMF’s official payment schedule for Ukraine.

Last night, the National Bank of Ukraine reported that the IMF Executive Board approved a new lending program for Ukraine under the Extended Fund Facility (EFF) mechanism with a total volume of 5.9 billion Special Drawing Rights (SDRs) (the IMF’s unit of account), which is about $8.1 billion. Of this, Ukraine will receive $3.8 billion this year in four tranches.

At the same time, under the repayment schedule for previously provided IMF loans, in 2026 Ukraine is required to pay the IMF 1.88 billion SDRs, or $2.7 billion. That is, during that year it will have to return the stated 71.1% of the amount received.

Ukraine’s peak loan repayments fall in February, when the country repays $287.7 million, as well as in May ($272.4 million) and April ($271.04 million).

It is worth recalling that the new IMF lending program for Ukraine предусматривает raising utility tariffs and taxes.