The Finance Ministry is finalizing negotiations with the IMF. The Memorandum does not provide for raising the retirement age

The Finance Ministry of Ukraine completes negotiations with the International monetary Fund (IMF) on receipt of the next credit tranche, announced the Minister Alexander danyluk in Kiev on Monday on a press-the conference devoted to results of work of the Ministry of Finance in 2016 and plans for 2017, reports «Interfax-Ukraine».

«We are already at the last stages, has already discussed the technical aspects to get the next tranche,» — he said.

Danilyuk noted that the resumption of cooperation with IMF is an important signal for foreign investors and partners that Ukraine is on the path of reform.

«All tranches are planned for this year, should be obtained, since it is an important indicator of the reforms,» he said.

Danyluk added that the Memorandum of cooperation with the IMF does not envisage increase of the retirement age in the framework of the requirements of pension reform.

«The Memorandum with the IMF does not foresee raising the retirement age,» he said.

Danyluk said that the Ministry together with the Fund has developed a model that did not involve raising the retirement age. A key element of the new model is experience.

«Raising the age is wrong and unfair,» he said.

While danyluk expressed confidence that the developed model will be supported by the Parliament.

Earlier it was reported that the international monetary Fund insists on the inclusion in the draft Memorandum item about raising the retirement age in Ukraine. This was stated by the said Minister of social policy Andrei Reva.

«During the negotiation of the Memorandum with the IMF is a key question: to raise or not to raise the retirement age. The discussion continues,» he said.

Earlier, Deputy Prime Minister Pavlo Rozenko said the withdrawal of the question of raising the retirement age from negotiations with the International monetary Fund to prepare a new draft Memorandum on cooperation according to the EFF program.

The IMF suggests a gradual increase in the retirement age: for men, for four months every year, starting from July 2017, for women — for six months after 2021, and so as long as both the retirement age reaches 63 years — in 2027.




The Finance Ministry is finalizing negotiations with the IMF. The Memorandum does not provide for raising the retirement age 06.02.2017

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