Ukraine will fulfill all commitments to IMF - Tihipko

The Ukrainian government

The Ukrainian government will fulfill all the commitments made to the IMF, Deputy Prime Minister for Economic Affairs Serhiy Tihipko said at a briefing.

"All that is signed on behalf of the state by the Prime Minister, Head of the National Bank and Finance Minister will be observed till the last penny. Talk about possible non-implementation of the agreement with the International Monetary Fund is just a personal opinion of some deputies, or some politicians," he said.

A number of media have reported that the Head of the Federation of Trade Unions of Ukraine, Party of Regions MP Vasyl Khara considers that Ukraine will not meet all the requirements prescribed in the memorandum of cooperation with the IMF, in particular, will not raise the retirement age for women.

The Memorandum of cooperation between Ukraine and the International Monetary Fund states that Ukraine shall reform pension system for its financial recovery. In particular, it will increase the working life minimum required for pension, and gradually equalize timing of retirement for women and men.

It is assumed that these and other measures will help reduce costs of the Pension Fund by 6.2 billion UAH (1 USD - 7.9 UAH) in 2011.

The government must table in parliament by the end of September 2010 a relevant bill that would enter into force before the end of 2010.

Now Ukrainian women retire at the age of 55 and men at 60. The total number of employees in this country is 14 million, while the number of pensioners is more than 13.5 million.

Women's life expectancy is 74 years old, men's - 62 years.

UKRINFORM

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