Ukraine: Recent Economic Developments

March 21, 1996

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Ukraine: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 22, 2024

Summary

This paper reviews economic developments in Ukraine during 1991–95. In October 1994, Ukraine finally embarked upon a comprehensive program of economic reform and stabilization. Although the efforts made in late 1994 were far reaching, the short-term results were not encouraging: inflation remained stubbornly high, the exchange rate weak, activity declined, and the rate of accumulation of external arrears dangerously rapid. By the first half of 1995, the performance .of the economy was more encouraging. Inflation slowed to monthly rates of about 5 percent. Exports to western markets also expanded strongly.

Subject: Agricultural sector, Credit, Currencies, Economic sectors, Expenditure, Income, Inflation, Money, National accounts, Prices

Keywords: Agricultural sector, Commodity exchange, Consumer price index, CR, Credit, Enterprise, General government balance, General government operation, Government, Government expenditure policies vis-à-vis household, Gross investment, Income, Inflation, Inflation rate, ISCR, Stabilization effort, U.S. dollar, Ukraine, Ukrainian authorities, Western Europe

Publication Details

Pages:

148
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/021
Stock No:

1UKREA0011996
ISBN:

9781451838916
ISSN:

1934-7685

Notes

This report on recent economic developments in Ukraine was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Ukraine or the Executive Board of the IMF.

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