Group of IMF experts to visit Ukraine on Feb. 12-16

Source : 112 Ukraine

The IMF mission is to visit Ukraine for technical consultations with Ukrainian authorities
20:12, 7 February 2018

Open source

A group of experts of the International Monetary Fund (IMF) is to visit Ukraine on Feb. 12-16 for technical consultations with Ukrainian authorities, as Goesta Ljungman, IMF Resident Representative in Ukraine, said.

“A team of a few IMF experts will visit Kyiv from February 12 to 16 in order to have technical discussions with representatives of Ukrainian authorities,” Ljungman said.

Previously President Poroshenko said that he expected Ukraine to get the next IMF tranche this April, since Ukraine has already implemented 80% of its commitments.

Related: Ukraine pays $375 million back to IMF under 2014 SBA

Since April 2014, Ukraine and the International Monetary Fund had been implementing a two-year SBA worth $17 billion, under which two disbursements worth $4.6 billion had been given to the country. In March 2015, the Fund approved a four-year EFF program worth $17.5 billion. Ukraine has so far received four tranches cumulatively worth $8.7 billion. The program is expected to come to an end in March 2019.

Ukraine’s international reserves as of 1 January 2018 amounted to $18.81 billion, 21% up from the figure on 1 January 2017. The National Bank expects the country’s international reserves to reach $20.5 billion by the end of 2018.

Related: EBRD envoy explains why Ukraine only receives four IMF tranches

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