Ukraine: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement

June 11, 2014

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Format: Chicago

Ukraine: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This paper discusses Ukraine’s Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement. For the most part, the 2010 program was appropriately designed given the ambitious agenda it had set out to accomplish. The macroeconomic strategy and program design correctly addressed the most important vulnerabilities—Ukraine’s large fiscal and quasi-fiscal deficits, its lack of resilience to external shocks, and lingering weaknesses in the financial sector. Although the program’s long duration was appropriate given its focus on medium-term issues, hindsight would suggest that a shorter program would have been preferable given the country’s past program performance.

Subject: Expenditure, Government debt management, Pension reform, Public debt, Public financial management (PFM), Revenue administration, Tariffs, Tax refunds, Taxes

Keywords: Banking system, CR, Deficit, Deficit monetization, Deficit target, Europe, Global, Government, Government debt management, IMF staff estimate, Increase exchange rate flexibility, ISCR, Monetary policy, Pension reform, Post evaluation report, Tariffs, Tax refunds

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/146
Stock No:

1UKREA2014003
ISBN:

9781498320320
ISSN:

1934-7685

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