Energy Headlines
April 2, 2014
IMF will lend $15.2 billion if leaders hike gas prices, raise pension age
Government will stick to painful loan conditions despite intense criticism.
The tough fiscal medicine required to secure a $15.2 billion loan agreement with the IMF is proving too much for some critics.
A detailed IMF memorandum outlines the belt-tightening steps that Ukraine is required to take to the credit.
Gas prices for households will rise 50 percent on April 1, on top of the 50 percent increase that took effect on Aug. 1, and will continue rising until they reach the import price.
The retirement age for women will rise by six months per year for 10 years, eventually reaching 60.
Source: Kiev Post
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