New program funding asked the Ukraine From the International Monetary Fund (IMF) as the war with Russia continues, maintaining high military spending, Prime Minister Julia Svirindenko said today (9.9.25).
Specifically, Ukraine spends about 60% of its total budget to finance war effort and is largely based on the financial support of its western allies to cover the cost of pensions, public sector salaries and humanitarian costs, according to Bloomberg.
“The hostilities are continuing and the 2016 state budget plan has been drawn up, given that the war has not yet ended,” Ukraine Prime Minister Julia Sviridenko said in a post on the X platform.
She said she officially submitted a letter to the IMF for a new lending program during a meeting in Kiev with the head of the IMF’s surveillance mission to Ukraine Gavin Gray.
The teams will continue talks on the program in the coming months, said Svirindenko “with the aim of securing a positive decision by the IMF Board of Directors by the end of this year”.
She did not mention the amount of money the government would ask for under the new program.
Ukraine has received about $ 10.6 billion under its existing $ 15.6 billion funding program, according to the finance ministry.