IMF Staff Country Reports

Ukraine: Recent Economic Developments

Publication Date:

March 21, 1996

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.

Series:

Country Report No. 1996/021

Subject:

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

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.