KIEV, Jan. 29 - Ukraine may attract new borrowings to make payments in February on its external obligations during the current negotiations with the International Monetary Fund, postponing "painful" concessions for the public in talks with the IMF until this spring, according to Concorde Capital experts.

The investment company said in a review that the Ukrainian government would most likely follow the example of Hungary and shy away from formal obligations to the IMF on reforms, while trying to reassure investors of the speedy resumption of cooperation with the fund.