Contents tagged with IMF
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Media: IMF ready to close eyes to land reform in Ukraine
The International Monetary Fund (IMF) is ready to leave the adoption of pension reform as the main condition for the allocation of the next tranche of the loan to Ukraine. This means that the adoption of land reform will be excluded from the requirements, reported by Interfax-Ukraine, citing a source that is close to the negotiations.
According to the news agency, the IMF made this decision in view of the fact that there is no agreement between the Fund and the Ukrainian government with regard …
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Ukrainian PM: The IMF postponed its next loan tranche to Ukraine due to delays with land reform
The next tranche of the loan from the International Monetary Fund for Ukraine will be postponed because parliament will not have time to consider all necessary reforms before the summer holidays, stated Prime Minister of Ukraine Volodymyr Groysman in an interview with Bloomberg.
According to Groysman, the pension reform is on schedule and steps are being taken to create an anti-corruption court. However, a bill on land reform will not be submitted on time. This will delay the payment of the …
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Media: Land market launch in Ukraine to be removed from IMF memorandum
The point on the necessity of launching a land market will not be an obligatory condition for the allocation of the next tranche from the International Monetary Fund (IMF) to Ukraine, AgroPortal reported with reference to a source close to the negotiations in the US.
“President Petro Poroshenko asked for the matter of launching a land market to be removed from the agenda, and Christine Lagarde agreed,” the source reported.
According to the source, the point on the necessity of launching a …
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IMF and World Bank approve pension reform plan in Ukraine
A bill to reform Ukraine’s pension was approved by the IMF and the World Bank, as reported on the Ukrainian government’s website.
The plan was developed by the Ministry of Social Policy of Ukraine in accordance with direction from Prime Minister Volodymyr Groysman. The Ukrainian government approved the bill in May.
According to the bill, the retirement age will not be increased, but the minimum insurance period required for retirement will increase from 15 to 25 years. Also, special …
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The IMF did not approve the pension reform of the Cabinet of Ministers of Ukraine
The International Monetary Fund did not approve the pension reforms prepared by the Cabinet of Ministers, as reported by Ukrainski Novyny news outlet, citing a source in the government.
It was reported that the Fund has categorically opposed the abolition of the taxation of pensions for working pensioners and did not support the idea of reindexing pensions on an ongoing basis. In addition, the IMF categorically opposed the Ukrainian government's plans to reduce the index used in estimating the …
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IMF mission arrived in Ukraine
The mission of the International Monetary Fund arrived in Ukraine and will work until May 25, reported a representative of the Ukrainian office of the IMF on May 16.
Among the issues that the IMF mission intends to discuss are pension reform, changes in tax and customs policy, progress in VAT refund and budget implementation.
The last time the IMF mission worked in Ukraine was in the first half of November 2016. On April 3, 2017. At that time Ukraine was given a tranche of $1 billion.
On …
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IMF supports the creation of anti-corruption courts in Ukraine
The creation of anti-corruption courts in Ukraine is necessary, according to the IMF Resident Representative in Ukraine, Jerome Vacher, as he stated in an interview with LB.ua.
"The critical element, anti-corruption courts, is absent. We support both the creation, as well as the initiation of their activities. Ukraine’s other international partners support them too," Vacher said.
Presently, according to him, most of the anti-corruption cases fall apart in the courts. In addition, the IMF …
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IMF: Pension reform in Ukraine is an important condition for the next loan
The implementation of pension reforms in Ukraine is an important condition for the cooperation between Kyiv and the International Monetary Fund (IMF), the Director of the IMF's European Department, Poul Thomsen said, UNIAN reports.
According to Thomsen, within the framework of pension reform, it is necessary to raise the retirement age, which will lead to a reduction in the deficit of the Pension Fund of Ukraine. According to the Director of the European Department of the IMF, Ukraine has the …
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IMF tells Kyiv how to reform pension system. Ukrainian vice prime minister calls this statement 'unprofessional'
In an article for the Economichna pravda (Economic Truth) online newspaper, Ron van Roden, head of the International Monetary Fund (IMF) mission to Ukraine, wrote that Ukraine’s pension system is in need of urgent reform, since it does not meet current challenges.
He explained that if no changes are made to the state pension system soon, the pension fund will become even more unstable, and may not be able to provide a subsistence level pension (1544 hryvnia ($57.6 USD)) for the older …
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The IMF allocated $285.3 million to Georgia for economic reforms
The International Monetary Fund (IMF) provided Georgia with $285.3 million in a three-year program aimed at supporting economic reforms, as stated in the fund's report.
“The EFF (Extended Fund Facility) supported program will help Georgia reduce economic vulnerabilities, pursue well-coordinated policies, and promote economic growth,” the IMF clarified.
According to the report, the program includes “ambitious structural reforms” aimed at improving education, investing in infrastructure, making …