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IMF Pressures Ukraine to Devalue Hryvnia Amid Loan Talks

10/19/2025

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Summary

Story summary

The International Monetary Fund pressures Ukraine's central bank to devalue the hryvnia to boost revenue while negotiating a new loan.
Central bank officials resist, citing inflation risks and public sentiment.
The dispute complicates Ukraine's efforts to secure an $8 billion loan during the war.
Since February 2022, the hryvnia has depreciated about 13% against the U.S. dollar.
IMF support remains crucial after its unprecedented wartime lending decision.

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Story summary

The International Monetary Fund pressures Ukraine's central bank to devalue the hryvnia to boost revenue while negotiating a new loan.
Central bank officials resist, citing inflation risks and public sentiment.
The dispute complicates Ukraine's efforts to secure an $8 billion loan during the war.
Since February 2022, the hryvnia has depreciated about 13% against the U.S. dollar.
IMF support remains crucial after its unprecedented wartime lending decision.