Tag Archives: IMF

Ukraine | IMF demands pension cuts as condition for further loans to Ukrainian government

Ukrainian Finance Minister Oleksandr Danyliuk says that Ukraine will not receive a new disbursement from the International Monetary Fund (IMF) if it does not conduct pension reform.

“There are some key conditions for receiving the next tranche. Pension reform is very important. There will be no disbursement without the pension reform,” he said during debates at Hudson Institute, Washington, D.C., when answering a question about conditions for the next tranche under the IMF’s Extended Fund Facility (EFF).

Greece | A fourth program or a debt haircut for Greece

In November 2012, at the insistence of the IMF, the Eurogroup committed in fairly explicit terms to provide debt relief to ensure that Greece’s debt-to-GDP ratio would be substantially lower than 110 percent by 2022. In successive steps, these commitments were taken back and the metric to assess debt sustainability was changed. It was not until May 2016 that the IMF was able to bring back the topic, and finally armtwist the Eurogroup again into committing to new staged debt relief measures.

How years of IMF prescriptions have hurt West African health systems

The International Monetary Fund (IMF) provides financial assistance to countries in economic trouble. But its policy proposals don’t always yield positive results for the countries it purports to help. For instance, critics have argued that the IMF inhibits government spending on public health and diverts resources from the health sector to repay external debt.

Ukraine | The head of the IMF mission in Ukraine recommends to reduce the number of Ukrainian pensioners

Ukraine must find a way to reduce the inflow of new pensioners to the pension system and increase revenues to the Pension Fund. This was stated by the head of the IMF mission in Ukraine, Ron van Roden in the column for “Economic truth”.

“This can be achieved in different ways: from further limitations on the possibility of early retirement to increase the effective retirement age,” he said.

Greece | EU, Greece urge deal on bailout review on Friday

Greece and its lenders must reach a deal on a long-stalled bailout review at a meeting of eurozone finance ministers on Friday, the country’s Prime Minister Alexis Tsipras said on Wednesday, blaming creditors for unwarranted delays.

Talks between Greece, the European Union and the Washington-based International Monetary Fund have dragged on for months due to differences over Greece’s fiscal progress, labor and energy market reforms, rekindling worries of a new crisis in Europe.