IMF hails pension reform in Ukraine, notes some shortcomings

IMF hails pension reform in Ukraine, notes some shortcomings

810
Ukrinform
The International Monetary Fund (IMF) welcomes the introduction of pension reform in Ukraine, but notes that it contains a number of shortcomings that need to be addressed so that Ukrainians could receive an effective pension system.

IMF Communications Director Gerry Rice said this at a briefing in Washington on Thursday, January 18, an Ukrinform correspondent reports.

"Ukraine recently adopted the pension law," he said, adding that it introduces some important provisions to modernize the pension system in Ukraine. 

At the same time, he said, pension reform "has some shortcomings that undermine incentives for people to work longer and contribute to the [pension] system."

In this regard, Rice said that such changes do not "fully ensure a fair and sustainable pension system so we think a bit more work needs to be done there."

op

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-