IMF Wants Ukraine to Freeze Wages

Ukrainian Social Policy Minister Andriy Reva said that the International Monetary Fund has recommended Ukraine to refrain from raising the minimum wage in the next three years Realist agency reported. “If we raise the minimum pension by 10% this year we have to increase the minimum wage by at least 15%. What do we read in the draft of the memorandum? Freeze wages for three years. What does this mean? That the minimum pension will increase, and the contribution to the pension fund will decrease. We again will increase the deficit of the pension fund, for what we get scolded by the IMF,” Reva said.