Ukraine pension debt soaring - IMF

clock

UKRAINE - Ukraine's pension commitments soared from 12% of GDP in 2004 to 17% in 2005, the International Monetary Fund has claimed.

An IMF report claimed Ukraine's government had missed the opportunity to reduce expenditure in 2007 and tackle its pension fund imbalances by proposing an increase in wages and pensions. "Ukrain...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Ukraine

Ukraine considers handing state retirement funds to private managers

UKRAINE - Ukraine plans to let private pension managers oversee some state retirement funds in 2012 to help cut the budget deficit and spur economic growth, said Labour and Social Policies Minister Vasyl Nadraha.

Halia Pavliva and Maria Levitov at Bloomberg News
clock 11 August 2010 •

Ukraine to increase retirement age as part of $15bn IMF deal

UKRAINE - Ukraine has agreed to make tough changes to its pensions system as part of a deal to qualify for loans worth $15.15bn from the International Monetary Fund (IMF).

clock 29 July 2010 •

Citi provides custody for Ukraine

UKRAINE - Citi has announced it is providing direct custody and clearing services (DCC) to clients in the Ukraine.

Heather Dale
clock 16 April 2008 •
Trustpilot