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Ukraine needs pension reform to get IMF money – Tihipko

Posted by the Editor on March 30, 2011


News / 30 March 2011 | 14:28

Ukraine needs pension reform to get IMF money - Tihipko

Ukraine needs pension reform to get IMF money – Tihipko

Ukraine can not get next tranche of IMF loan without implementing pension reform, Deputy Prime Minister Serhiy Tihipko said while speaking at the Ukrainian summit: “Can real reforms be implemented in life?”.

Ukraine can not refuse to cooperate with the IMF since it has no resources to ensure economic recovery after the crisis, he said.

“We have no right to change the situation and refuse from cooperation with the IMF, because we have no EU funds, which can  support the EU member-states. To be left on one’s own  means to cut real wages and real pensions, as it is already done in other countries,” Tihipko said.

To get the next tranche of the IMF loan Ukraine must adopt a law on the implementation of pension reform by the end of March to be eligible for consideration by the IMF board of directors of the allocation of the next tranche in mid-April.

ForUm

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