The International Monetary Fund (IMF) plans to discuss with Ukrainian authorities the draft budget 2017 and the reform of pension system, IMF representative in Ukraine Jerome Vacher said, Ukrainian News reports.

“There are some questions, which are also important for discussion in order to consider the current situation. We need to discuss the budget for the next year, we need to understand what will be the reform of the pension system”, he said.

Vacher noted that IMF plans to discuss reforms in the financial and banking sector as well as implementation of reforms in the energy sector.

As it was reported, the International Monetary Fund reports on the receipt from Ukrainian authorities of the guarantees on implementation of reforms.

It should be reminded that previously in mass media there was information that IMF demands from Ukraine to implement pension reform for obtaining the next tranche.

Among other demands: gradual change of pension age, setting the unified principle of pension security without benefits for any professions (expect for military), expansion of base for contributions to the social security system, setting the fair tax regime for pensions.

On September 14, the International Monetary Fund decided to allocate Ukraine the third tranche, amounting to USD 1 billion, under Extended Financing Facility program.

It was initially expected that the third tranche will amount to USD 1.7 billion, which should have been received back in 2015.

Then the country’s authorities reported that IMF Board of Governors may take the decision on the third tranche in this July.

Due to Ukraine’s failure to comply with all conditions, the Fund reduced the amount of tranche from USD 1.7 bln to USD 1 bln.