IMF advised Ukrainian authorities to resist the 'temptation' to raise salaries
Gosta Ljungman, International Monetary Fund (IMF) Resident Representative in Ukraine, warned authorities against a sharp increase in wages, as UNIAN reports.
"There is a temptation to increase wages very quickly, but this will be bad for the growth of the economy ... We are for increasing wages of Ukrainians, but this should be accompanied by an increase in labor productivity," he said.
Ljungman emphasized that the leaders of Ukraine should keep the growth of salaries under control and to deal with fiscal challenges in order to maintain economic growth.
It was reported earlier that the government of Ukraine plans to consider the possibility of raising the minimum wage to 4200 hryvnia in the first quarter of 2018.