Ukraine, IMF need to agree some memorandum issues

13:46, 06.06.2016 1 min read

Ukraine and the International Monetary Fund (IMF) are close to the final agreement of an updated memorandum as part of the second review of the Extended Fund Facility (EFF) program, First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton has said.

"We're at the advanced stage of talks. We've agreed with the Ukrainian government on key issues. There are some insignificant issues remaining to be agreed," he said in an exclusive interview with Ukrainian TV Channel ICTV, which was broadcast on Sunday evening.

Lipton did not elaborate on the agreed key issues.

He also said that an increase in retirement age in Ukraine was not on the agenda. "Difficult aspects in the pension fund will be discussed in future. This is a complex issue. The pension system does not work well. It is rather expensive, and has led to the situation when most Ukrainian pensioners don't get proper pensions," he said.