IMF Sees Bigger Hole in Ukraine Funding Through 2027

The International Monetary Fund has determined that Ukraine’s funding needs over the next two years may be as much as $20 billion higher than the government in Kyiv estimates as talks to secure the next aid package are set to begin.

The discrepancy emerged during the meetings IMF staff has held in Kyiv over the last week to discuss external financing for 2026 and 2027, according to a person familiar with the discussions. Reconciling the differences is crucial before the Washington-based lender considers Ukraine’s request for a new loan program as the current funding runs out.