IMF technical mission to arrive in Kyiv to discuss budget

"A small IMF staff team will visit Kyiv during November 9-17 for technical discussions on the draft 2018 budget," Goesta Ljungman, the International Monetary Fund (IMF) Resident Representative in Ukraine, said in a statement on November 8.

In March 2015, the IMF approved a four-year Extended Fund Facility loan program for Ukraine under which $17.5 billion will be disbursed. Ukraine has already received four disbursements from the Fund to the tune of $8.7 billion.

Read alsoIMF names four conditions for new disbursement to UkraineThe next IMF mission was originally expected in Kyiv in the second half of September 2017.

The IMF says that to complete the fourth review of the cooperation under the program to receive a fifth disbursement, Ukraine must approve the pension reform, accelerate privatization and show real results in the fight against corruption.