The IMF has estimated Ukraine's financing gap through 2029
According to a preliminary estimate by the International Monetary Fund, Ukraine may face an external financing shortfall totaling approximately $54 billion by 2029.
According to sources, the IMF estimates Ukraine’s need for additional financing at $30–35 billion in 2027.
Another $17 billion may be needed in 2028, and about $2 billion in 2029. At the same time, the publication’s sources emphasize that these estimates are still subject to change.
An IMF representative did not immediately respond to a request for comment, as the inquiry was received outside of business hours.
Against the backdrop of the projected financing needs, Ukraine’s donors met in Brussels to accelerate negotiations on providing Kyiv with additional aid.
Earlier this year, the European Union approved a €90 billion loan package for Ukraine, equivalent to approximately $102 billion. At the same time, the EU is calling on its partners to fulfill their commitments to provide an additional €30 billion for this year and next.
The European Commission and the IMF are also urging the Ukrainian government to implement the reform plan necessary to receive international financial support and improve the management of funds received from partners.
A Bloomberg report notes:
“EU members are still discussing how to provide additional funding to Kyiv, as the war is expected to continue next year, while Russian and Ukrainian forces have intensified their attacks in recent months.”
Separately, EU countries are considering various mechanisms to secure additional funds for Ukraine.
According to the publication, some EU member states have revisited the idea of using €210 billion in assets belonging to the Russian central bank that have been frozen in Europe.
At the same time, other countries have proposed issuing additional joint debt obligations to secure the necessary funding.
Thus, the issue of covering Ukraine’s multibillion-dollar funding shortfall in 2027–2029 remains one of the key topics in Kyiv’s negotiations with international partners.
Bloomberg reports this, citing sources familiar with the matter.
Ukrainian President Volodymyr Zelenskyy stated that his meeting with European Commission President Ursula von der Leyen in New York was positive. According to him, the Ukrainian and European sides agreed to seek solutions that would accelerate the flow of funding to Ukraine.
Leaders of European Union member states plan to discuss further support for Kyiv with Ukrainian President Volodymyr Zelenskyy during the European Council summit on October 15–16 in Brussels.
The European Parliament has approved legislative changes as part of the Omnibus V package that will allow the European Defense Fund to finance the testing of defense projects in Ukraine as a candidate country. The new measures are also intended to accelerate defense investments and simplify the procurement and movement of military equipment within the EU.
