Ukraine: First Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Ukraine

August 4, 2015

Preview Citation

Format: Chicago

Ukraine: First Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This paper discusses Ukraine’s First Review Under the Extended Arrangement. The authorities have made a strong start in implementing the program. All performance criteria (PCs) for end-March 2015 and, based on preliminary information, all PCs for end-June were met. Eight benchmarks were completed, albeit four of them with a delay and two were converted into prior actions for this review. Discussions with creditors have made progress toward a debt operation that would restore fiscal sustainability. In view of the authorities’ performance under the program, their policy commitments for the period ahead, and progress toward a debt operation in line with its stated objectives, the IMF staff recommends the completion of the first review.

Subject: Banking, Credit, Exchange rates, Foreign exchange, Inflation, Money, Prices, Public debt, Revenue administration

Keywords: Anchor inflation expectation, Authority, CR, Credit, Deficit target, Disbursement of SDR, Europe, Exchange rates, Global, Government support, Inflation, ISCR, NBU, NBU loan

Publication Details

Pages:

116
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/218
Stock No:

1UKREA2015002
ISBN:

9781513542317
ISSN:

1934-7685

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