The International Monetary Fund urged Ukraine on Monday to raise the pension age and do more to tackle corruption after announcing the payout of $1 billion in new aid to the war-torn country.
The IMF is propping up Ukraine’s economy with a $17.5 billion bailout, helping it climb out of recession following the annexation of Crimea by Russia in 2014 and the outbreak of a Russian-backed separatist insurgency in its industrial east.
Ukraine’s President Petro Poroshenko and the government cheered the new aid as a vindication of their reform efforts.
Prime Minister Volodymyr Groysman said it would help attract global investors and keep …read more
Source: Voice of America
