Ukraine can not to defer the implementation of large-scale pension reform, including raising the effective retirement age, according to a press release by the International monetary Fund following the meeting of the Board of Directors on the Ukrainian question.
“Despite the large fiscal adjustment, public debt remains high. The relevance of structural fiscal reforms to ensure sustainability in the medium term has increased because of the growing pressure from rising wages and pensions”, – stated in the message Fund, citing the first Deputy Director of the IMF David Lipton.
He also noted the need for continuous efforts in the direction of revenue management and promotion of public administration reform.
As reported, on April 3, the key creditor of Ukraine international monetary Fund completed the third review of the cooperation program of Ukraine with the use of the extended financing facility (EFF) and approved the allocation of our country the fourth tranche with a volume of $ 1 billion.
