25 October 2009

IMF Demands Ukraine Cancel Wage/Pension Law To Receive Further Aid.

BLOOMBERG/
The IMF is still waiting for the Ukraine to veto a wage and pension law, before releasing the next portion of a $16.4 billion loan.
It had been due to receive $3.4 billion, the fourth payment from the loan. “The mission is now awaiting endorsement of the agreed policy package, including assurances that the wage and pension law approved by Ukraine’s parliament, which is at odds with the objectives of the authorities’ program, will be vetoed,” the IMF said.