IMF financing depends on increase of pension age in Ukraine

15:38, 04.07.2016 1 min read

The allocation of the second part of the third tranche from the International Monetary Fund (IMF) is linked, among other things, with the prospect of settling the issue of increasing pension age in Ukraine, Senior Economic Advisor to the prime minister Ivan Miklos has said.

"There are some liabilities regarding the pension reform that was passed partially, especially in removing advantages for concrete groups of professions. Not everything was approved and implemented," he said in an interview with Segodnya newspaper.

"Getting the second part of the IMF's tranche would depend on the implementation of the second part of these liabilities for the pension reform in autumn… We speak not only about this, but [the increase of pension age] was in the preliminary conditions," he said.

Earlier Miklos said that Ukraine would have to pass more bills to meet IMF's requirements to receive the sum of a tranche of $1.7 billion postponed last year: the tranche could be provided in two parts, including $1 billion in July.