IMF and World Bank approved Ukrainian pension reform, - Ministry of Social Policy

Ron van Rooden expressed gratitude to the ministers of social policy and finance for constructive discussions
18:05, 4 June 2017

112 Agency

The International Monetary Fund (IMF) and the World Bank expressed their support for the government bill on pension reform, which was developed by the Ministry of Social Policy of Ukraine. It is reported by the press service of the Ministry of Social Policy.

"The end to the negotiation process was put by the Prime Minister of Ukraine, who directly participated in negotiations with the IMF mission chairman Ron Van Rooden.The result of the negotiations was the adoption of a balanced, comprehensive document based on the best world experience and provied answers to those challenges and problems that are acute today for the Ukrainian state and society ", said in a statement.

Ministry of Social Policy also expresses its sincere thanks to the professionals from the International Monetary Fund and the World Bank who helped during the work on the bill.

Also, the press service of the Ministry of Social Policy published a letter from the head of the IMF mission Ron Van Rooden: "I would like to express our gratitude for the constructive discussions that we held with the ministers of social policy and finance and their teams on pension legislation. The purpose of these discussions was to ensure financial and social sustainability of pension system of Ukraine. As a result of our  discussions this week, we express our support for the bill in its current form. It is also important to receive parliament support of this bill, keeping in it all the basic elements of reform, on which we agreed. "

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