IMF experts completing their work in Kyiv

The team of experts of the International Monetary Fund (IMF), headed by Ron van Rooden, who arrived to hold technical consultations with the Ukrainian authorities on February 12-16, is completing its work in Kyiv.

The final statement on the visit of the Fund's mission will be available at the beginning of next week, Monday or Tuesday, the IMF office in Ukraine told UNIAN.

Earlier, Ukrainian Finance Minister Oleksandr Danyliuk called the visit of the group of IMF experts particularly important for the continuation of Ukraine's cooperation with the Fund.

Read alsoIMF refutes reports on softer stance toward anti-corruption court in UkraineAs UNIAN reported earlier, in March 2015, the IMF approved a four-year Extended Fund Facility (EFF) program worth $17.5 billion. Of the amount, Ukraine has received four tranches worth $8.7 billion. The program is expiring in March 2019.

On January 26, Ukrainian President Petro Poroshenko announced that the country had fulfilled 80% of the IMF requirements, stressing he expected to receive a fifth disbursement in April 2018.

The IMF says that to receive the fifth tranche, Ukraine needs to ensure that the pension reform is consistent with the objectives of cooperation, as well as to pass a law on privatization, bring gas tariffs in line with import parity, create an anti-corruption court, and adopt a budget for 2018 with a deficit of no more than 2.5% of GDP.

The National Bank of Ukraine expects that Ukraine will be able to borrow up to $2 billion in IMF funds in 2018.