Ukraine: Fifth and Sixth Review under the Extended Arrangement: Staff Report; Staff Supplement and News Brief on the Executive Board Discussion

November 29, 2001

Summary

Ukraine's economic performance has been impressive with strong growth and declining inflation under the Extended Fund Facility (EFF). Executive Directors appreciated the macroeconomic performance, and emphasized that continued prudent monetary policies in combination with exchange rate flexibility will be essential to maintain low inflation. They urged the need for accelerating structural reforms, liberalizing the agriculture sector, restructuring the bank, and strengthening the transparency and governance in the energy sector. They agreed that the country has completed the fifth and sixth reviews under the EFF.

Subject: Arrears, Banking, Budget planning and preparation, Currencies, Economic sectors, External debt, Money, Privatization, Public debt, Public financial management (PFM)

Keywords: Arrears, Budget planning and preparation, CR, Currencies, discussion of the review, draft budget law, expenditure, government finances summary, ISCR, liberalization of the agriculture sector, monetary policy, Nontax revenue, Privatization, Western Europe

Pages:
79
Volume:
2001
DOI:
https://doi.org/10.5089/9781451838985.002
Issue:
216
Series:
Country Report No. 2001/216
Stock No:
1UKREA0022001
ISBN:
9781451838985
ISSN:
1934-7685

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