The International Monetary Fund (IMF) continues examining the pension reform adopted by Ukraine's parliament to check if it complies with the benchmarks of the IMF's Extended Fund Facility (EFF) program, according to IMF Resident Representative in Ukraine Goesta Ljungman.
"The law on pension reform has already been passed, but we are still examining it to see how much the law corresponds to the benchmarks stipulated in the program," Ljungman said at a forum in Kyiv on November 3.
According to the official, to get through the fourth review of the EFF and receive the fifth disbursement, Ukraine must ensure the pension system sustainability as a result of its reform, adopt legislation on privatization, change gas prices according to previously agreed terms, and create an anti-corruption court.
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In March 2015, the IMF approved a four-year EFF loan program for Ukraine under which $17.5 billion will be disbursed. Ukraine has already received four disbursements from the Fund to the tune of $8.7 billion.