A position of the International Monetary Fund is extremely tough on a whole range of reforms, Vice Prime Minister Serhiy Tihipko told on air of the Fifth TV Channel commenting on a signature of a new variant of the memorandum on cooperation between the Cabinet and the IMF.

"We will be able to speak about any final adjustment (of the memorandum) only following November 30, when the Cabinet of Ministers approves those terms," the Vice Prime Minister noted, UKRINFORM reported.

Tihipko has said that the IMF has very tough terms on the pension reform and the communal service problems. "Arguments are simple: in order that we got the money we need the voting of the Executive Board," he specified.

The official noted that now in Europe seven out of 10 countries are rising the pension age. "The Mission that will arrive says: what is the source of such optimism that the French will vote that you took the French money, used them in Ukraine after they underwent an extremely difficult process on rising the pension age," Tihipko underscored.

"We continue working and only following November 30 we will have the final variant of the document. Now, all these are previous variants. The IMF wishes with which we continue working," he said. "We will not be able to manage only with popular measures under such a difficult situation," the Vice Premier added.

The IMF Mission demands that by December 10, the pension reform should start in Ukraine, a penalty should be introduced on debts for housing and communal services and a current rise of a gas price should be approved.

Earlier, the IMF demanded an increase of the term for women's retirement since January 1, 2011 (from 55 to 60 years).

As it was reported, the International Monetary Fund Mission adjusted at the expert level the issue on the first revision of the program with Ukraine within the frames of the stand-by agreement. Completion of the revision by the IMF Executive Directors will result in allocation of a tranche to the amount of SDR 1 billion (about USD 1.6 billion), out of these USD 1 billion will come for the budget support.

In July, Ukraine concluded a new credit agreement with the IMF, providing for allocation of USD 15.8 billion over 2.5 years for stabilization of the economy. The first tranche of this credit to the amount of USD 1.89 billion was received in August.

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