Ukraine: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement

November 18, 2011

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Ukraine: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement, (USA: International Monetary Fund, 2011) accessed December 23, 2024

Summary

Ukraine was one of the countries hardest hit by the global economic and financial crisis; it was also one of the first countries supported by a Stand-By Arrangement (SBA). The Ex Post Evaluation of Exceptional Access Under the 2008 SBA reveals that the achievement of program objectives was mixed, with core short-term objectives largely met, but little progress made toward meeting medium-term objectives. The banking system stabilized, the current account adjusted quickly, social arrears and sovereign default were avoided, and a gradual economic recovery started from mid-2009.

Subject: Bank resolution, Banking, Budget planning and preparation, Commercial banks, Financial crises, Financial institutions, Fuel prices, Prices, Public financial management (PFM)

Keywords: Bank resolution, Budget planning and preparation, Commercial banks, CR, Current account, Evaluation, Financial crisis, Fuel prices, Fund's General Resource Account, Global, Government ability, ISCR, Letter of intent, Monetary policy, National bank, Post evaluation, Private sector, Purpose, Real GDP

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/325
Stock No:

1UKREA2011002
ISBN:

9781463925208
ISSN:

1934-7685

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