KIEV: The IMF’s chief to Ukraine told Kiev on Tuesday its pension system was unsustainable because it supported nearly a third of the population and must limit the number of retirees.
The International Monetary Fund has long pressed Ukraine to tackle its budget-draining social welfare program for retired workers as part of a broader overhaul that could get future lending from the West back on track.
“The discussion of pension system reforms has been delayed for too long,” Ukraine’s IMF mission chief Ron van Rooden told the Ukrainska Pravda news website.
The former Soviet country is clawing its way out of a deep …read more
Source: The Manila Times
