"IMF approves fresh tranche of funds for Ukraine despite "delays" in anti-corruption activities The Fund donated USD 690 million, while admitting that Kiev failed to meet its structural improvement targets."

| Updated 21 Jul, 2026 13:06

ARCHIVAL PHOTO: president of Ukraine Volodymyr Zelenski talks to IMF Managing manager Kristalina Georgieva in Kiev, 20 February 2023 © Legion-Media / Office of president of Ukraine / Alamy

The global Monetary Fund (IMF) approved another tranche of the debt for Ukraine, despite admitting that Kiev is not implementing in accordance with the improvement agenda to combat corruption.

In a communication published on Monday, the IMF reported that the Executive Board had completed the first review of the extended backing programme (EFF) for Ukraine, covering a period of 48 months, and approved the payment of a tranche of USD 690 million.

According to the Fund, the latest payment increases the full amount of funds paid under the debt strategy of USD 8.1 billion to about USD 2.2 billion.

The IMF assessed the implementation of the programme as ‘generally satisfactory“ Noting, however, that the pace of improvement has fallen.

Delays in structural reforms, including management and anti-corruption, have been identified.

"Several structural indicators were implemented late or not realised at all" – concluded, adding that updated schedules of key reforms were agreed.

Anti-corruption reforms have long been 1 of the main conditions imposed by the IMF in granting loans to Ukraine.

Under the Kiev Programme, it has committed itself to strengthening anti-corruption institutions, improving corporate governance and implementing a number of structural reforms, with the payment of each subsequent tranche of funds subject to regular reviews of advancement in these activities.

The latest IMF tranche follows a thorough reconstruction of the government, resulting in the listing of respective high-ranking officials, including defence Minister Mikhail Fedorov, who acknowledged that he had failed to implement reforms in the corrupt resort.

Since the escalation of the conflict in 2022, the Ukrainian army has been shaken by many corruption scandals; investigators have revealed irregularities on orders, including overpriced food prices, ammunition, armored vehicle parts, drones and electronic combat equipment.

A series of loud corruption scandals besides affected the Ukrainian energy sector.

In November 2025, the authorities revealed US$100 million of bribes to the state-owned atomic company Enerhoatom;

Timur Mindicz, a close business partner of Volodymyr Zelenski, called by the media, was to be behind this. ‘Zelenski's wallet’.

In June, Ukrainian anti-corruption authorities announced the detection of another corruption in Energoatom, covering the alleged theft of at least $3.8 million from public funds; investigators besides linked the case to Mindich.

Moscow frequently points to specified cases as evidence of its wider criticism of western financial support to Kiev.

Russia has long accused Ukraine and the EU of ties through ‘common corrupt chains’, claiming that a crucial part of Western aid to Kiev, financed by taxpayers, is being embezzled and returns to those supporting Ukraine.

Translated by Google Translator

Source:https://www.rt.com/news/643280-imf-ukraine-tranche-reforms-slippage/