The adoption of pension reform remains a decisive condition for the fourth revision of the cooperation program with Ukraine — IMF

The adoption and implementation of the pension reform remains a decisive condition for the fourth revision of the cooperation program with the International monetary Fund of Ukraine. This was stated by the speaker of the IMF William Murray, the press service of the Fund.

According to Murray, the IMF is in constant contact with the Ukrainian authorities on this issue.

The IMF is urging the Ukrainian government and the Verkhovna Rada to ensure that the new pension legislation consistent with the reform, developed in collaboration with Fund and world Bank.

Murray assured that in the future the IMF is ready to cooperate with Kiev in the case that the pension legislation will need to make changes.

Ukraine and the IMF signed a Memorandum of economic and financial policies which the country should undertake in the framework of the EFF in March 2015.

In April 2017, the Fund has allocated Ukraine the fourth tranche of $1 billion.

In may the IMF said that for completion of the review of the EFF would expect from the Ukrainian authorities ensure that parliamentary support land and pension reforms, anti-corruption bills and the intensification of the privatization process.

The last fifth tranche of financial assistance was scheduled for June-July 2017.

In July, Prime Minister Vladimir Groisman reported that the next tranche of financial assistance for Ukraine from the IMF in the amount of $1.9 billion will be deferred until the end of 2017.

In September Finance Minister Oleksandr danylyuk said that the land reform is no longer a prerequisite for the next tranche.

September 6, the parliamentary Committee agreed 2144 amendments to pension reform.

21 Sep Rada considered the draft law No. 6614 on pension reform in the second reading.

Prime Minister of Ukraine Volodymyr Groysman called on MPs to support pension reform, 3-6 October, although expected that they will do it in September.




The adoption of pension reform remains a decisive condition for the fourth revision of the cooperation program with Ukraine — IMF 29.09.2017

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Сентябрь 29th, 2017 by
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