There is no clause regarding an increase in retirement age in the draft memorandum on economic and financial policy that is being finalized by Ukraine to receive a third tranche in February 2016 under the International Monetary Fund's Extended Fund Facility, Ukrainian Finance Minister Natalie Jaresko said.

"There is no such clause in the document now. But the pension reform will go on, and we'll have to do this or other way, but it doesn't contain such certain commitment," she told Interfax-Ukraine on the sidelines of Pinchuk Foundation's Ukrainian Breakfast 2016 in Davos, Switzerland, on Friday.

According to her, the IMF is happy with the budget and Tax Code package, which was passed late in 2015, therefore there is no need to amend it before the disbursement of the third tranche.

She also added that the Ukrainian government would approve its strategy for state-run banks prior to the IMF Board's meeting.

At the same time, the minister found it difficult to estimate the sum needed for additional capitalization of the state banks, however, she said it will not be significant not to affect the agreed indicators of the budget's deficit in 2016.

Jaresko said she expected the IMF's decision on the third tranche under the EFF in February. However, there is no exact date, she added.

As was reported, the Ukrainska Pravda online newspaper published a draft memorandum with the IMF dated November 2015, which stipulated the need of new laws by the end of May 2016 on a gradual increase in retirement age to 62 years from July 1, 2016, for men and from January 1, 2021, for women.