Ukraine: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine

July 9, 2008

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Format: Chicago

Ukraine: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

This 2008 Article IV Consultation highlights that rapid domestic demand growth in Ukraine pushed the economy beyond its capacity in 2007–08, leading to accelerating inflation. The demand expansion, fed by fiscal and income policies and a capital-inflow driven surge in money and credit growth, in combination with rising food and energy prices, gradually lifted CPI inflation to more than 30 percent by end-April 2008. Executive Directors have commended Ukraine’s continued strong economic growth and increased overall resilience to shocks. They have also expressed concern that some macroeconomic vulnerabilities have increased.

Subject: Banking, Currencies, Exchange rates, External debt, Foreign exchange, Inflation, Money, Prices, Public debt

Keywords: Core inflation, CR, Currencies, Exchange rate band, Exchange rates, Global, Inflation, ISCR, Market rate, Problem bank, Rate, Regime, Supervisory council, Western Europe

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/227
Stock No:

1UKREA2008001
ISBN:

9781451839128
ISSN:

1934-7685

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