Ukraine parliament approves heavily amended pension reform
The Ukrainian parliament approved pension reforms on Tuesday aimed at easing pressure from a pensions deficit of more than $5 billion while also raising the minimum pension. Passing laws to put the buckling pension system on a sustainable footing is a key requirement for the next loan tranche from the International Monetary Fund. But last week a senior World Bank official said the bank and the IMF were concerned about the hundreds of amendments that have been added to the...