Ukraine will transfer a $171 million payment to the International Monetary Fund (IMF) on June 9. This is the first of Ukraine’s repayments on loans received after Russia’s full-scale invasion in 2022, Forbes Ukraine reported.
The sum comprises 125.7 million SDR (Special Drawing Rights), the so-called IMF currency evaluated based on 5 major world currencies (US dollar, euro, Chinese yuan, British pound and Japanese yen).
The payment is part of the Rapid Financing Instrument (RFI), which provided Ukraine with 2 billion SDR in 2022 ($2.67 billion) in emergency funding. The sum was disbursed in two tranches.
Ukraine will repay the RFI loan in 16 equal tranches through October 2027. The first payment covers about 6% of the total debt, Forbes reported.
In 2025, Ukraine is due to pay the IMF around $3 billion. That includes $2.3 billion in debt repayments and $0.7 billion in interest.
As of June 2025, Ukraine has already paid back $1.3 billion in principal and nearly $0.4 billion in interest to the IMF the loans before the date of Russia’s full-scale invasion in February 2022, the media outlet wrote.
Ukraine is now receiving tranches under the IMF’s Extended Fund Facility (EFF) program worth $15.5 billion. It is the first Fund program in history granted to a country actively at war. This decision required the IMF to change its rules to allow lending to countries facing “exceptionally high uncertainty.”
In March 2025, Ukraine received a $400 million tranche under the EFF. Three more disbursements totaling $2 billion are expected by the end of the year.
At the end of May, IMF staff and the Ukrainian authorities reached a staff-level agreement (SLA) to disburse $500 million for the country. If approved, total disbursements from the program since its launch will reach $10.6 billion.
How Ukraine manages its debts
Last year, Ukraine successfully negotiated new terms of $20 billion debt under Eurobonds, saving $11.4 billion over the next three years by a combination of lower coupons and maturity extensions.
Ukraine wants to restructure the GDP warrants with an estimated total of $3.3 billion of debt, but wants to agree on terms that comply with debt targets set forth in Ukraine’s IMF program and the principle of comparability of treatment with Ukraine’s bilateral partners, Kyiv Post previously wrote, citing the Ukraine’s Ministry of Finance press release from May 30.
The GDP warrants – securities from pre-wartime following debt restructuring in 2015 – were designed to honor Ukraine’s obligation to pay creditors for the country’s economic growth.
However, Ukraine will skip a $665 million scheduled payment on the securities linked to economic growth until it agrees new terms with creditors.