Credit on the horizon: the IMF and Ukraine are working on a new project of pension reform

Ukraine will soon be able to count on the next tranche of the IMF $1 billion, because the government’s negotiations with the key creditor countries already in the final stage, said Finance Minister Oleksandr danylyuk.

“We’re in the final stages of the negotiations, technical issues are discussed to obtain the next tranche. It is a signal for the country’s foreign investors,” he said.

While danyluk said that the negotiations on the third revision of the program of reforms can be completed before the end of the week, after which the results will be submitted to the meeting of the IMF Board of Directors where they will decide on the disbursement of a tranche.

In addition, the government and IMF are actively working to restart the pension reform. However, in the framework of this project, fear of increasing pensworth not worth it.

“There are more just tools to achieve the goals of the reform — reducing the deficit of the PF, namely work experience and pension contributions. Today, the IMF puts Ukraine faces a clear requirement to raise the retirement age,” — said the head of Department.

Experts believe that the probability of provision of the IMF tranche in the spring will be 50%, as the authorities do not fulfill structural beacons. For example, still the lenders do not see progress on the issue of land reform.

“But I don’t think the IMF loan is critical need Ukraine, because the NBU has sufficient reserves, which in January amounted to $15.5 billion This is enough to hold the exchange rate, and the economy as a whole”, — said the head of the Secretariat of the Council of entrepreneurs under the Cabinet of Ministers Andrei Zablovsky.