Finance Minister speaks about updated memorandum with IMF

On March 5 the IMF mission reported on the agreement of the updated memorandum on economic and financial policy of Ukraine, which allows Kyiv to obtain the fourth tranche of $1 billion within the loan under the EFF program . Among other things, it contains provisions on pension, land, banking and other important reforms. This was told in Washington, by Finance Minister Olexander Danyluk. According to him, we need a pension reform that would balance the pension fund to eliminate its deficit. In addition, the official said that the memorandum contains provisions on land market. According to him, it is very important to have the land market working, especially for the agricultural sector.