An agreement with the International Monetary Fund (IMF) criticized by heads of some parliamentary factions has not yet been signed and consultations are underway, First Deputy Prime Minister and Economic Development and Trade Minister of Ukraine Stepan Kubiv has said.

"This is not the signed agreement. This is the preliminary condition for work with the International Monetary Fund," he said at a meeting of the conciliation council of heads of parliamentary factions, committees and subgroups on Monday.

Kubiv said that the government would consider the provisions of the coalition agreement signed by parliamentary factions when it signs the agreement with the IMF.

"Ukrainians needs reforms. Financial organizations do not need reforms. We have not signed anything. Work has been carried out and consultations are going on," he said.