The International Monetary Fund plans to consider allocating a tranche for Ukraine under the Expanded Financing Facility program (EFF) in amount of 1 billion dollars on Monday, March 20. This was announced during a briefing by the IMF's official representative Jerry Rice, Ukrainian News reports.
"Finance Minister Oleksandr Danylyuk visited the fund, he met with the management of the fund, with deputy managing director Lipton, and the meeting of the board of directors is scheduled for March 20," he said.
The IMF representative noted that the pension reform is one of the key issues in the program of cooperation.
"If you look at the support the International Monetary Fund is providing to Ukraine, you will see that this is the greatest progress achieved by this program for all time. The main goal of the program is to help the government of Ukraine and Ukrainians in overcoming the challenges that they are facing and start the path of sustainable growth. We consider pension reform as key in the establishment of the pension system. The aim of the reform is to improve pensions provision and improve the system itself," he said.