IMF's technical mission will work in Kyiv on Feb 12-16

A technical mission of the International Monetary Fund (IMF), Ukraine's key lender, will work in Kyiv from February 12 to February 16.

"A team of several IMF experts will be visiting Kyiv from February 12 to February 16 to conduct technical consultations with representatives of the Ukrainian authorities," IMF Resident Representative in Ukraine Goesta Ljungman said in a statement.

Read alsoUkraine repays $375 mln to IMF under 2014 SBAIn 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.