Ukraine has agreed to close some schools and lay off extra teachers for IMF money

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www.vsyako.netPhoto: Efrem Lukatsky / AP

The Ukrainian government has agreed to streamline the school education system for the sake of obtaining money from the IMF. Reports about it “Strenia”.

The reform involves the closure of the schools and firing more teachers to reduce the burden on the budget. The specific timing of the reforms is still unknown, but it starts after the end of the epidemic of the coronavirus.

Also, Ukrainian authorities have pledged not to reduce the retirement age and do not introduce additional types of pensions and benefits.

Prime Minister of Ukraine Denis Shmyhal said he expects the approval of the loan from the IMF for the country in the amount of five billion dollars. According to him, Kiev is ready to receive the first tranche on the following day, June 6. The volume of the package will amount to $ 1.9 billion. Smigel stressed that the Republic needed loans to overcome the crisis, which has resulted in an epidemic of coronavirus. In the second quarter the country’s GDP could fall by 12 percent.

Video, photo All from Russia.

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