Ukraine: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion

September 9, 2009

Preview Citation

Format: Chicago

Ukraine: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Summary

This paper discusses key findings of the Second Review for Ukraine under the Stand-By Arrangement and request for modification of performance criteria. Policy implementation has been broadly in line with the program. The end-May quantitative performance criteria on base money, net international reserves, and the general government balance were met. The authorities made progress in the resolution of systemic problem banks and in preparing associated legislative actions. IMF staff welcomes the recent measures to improve the functioning of the foreign exchange market.

Subject: Bank resolution, Banking, Creditor bail-in, External debt, Financial crises, Fiscal policy, Fiscal stance, Public debt

Keywords: Bank resolution, CR, Creditor bail-in, Executive board discussion, Fiscal stance, Global, Hryvnia, ISCR, Joint World Bank-International Monetary Fund mission, Monetary policy stance, Priority expenditure, State gas company Naftogaz, Update mission, World Bank-International Monetary Fund mission

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/270
Stock No:

1UKREA2009003
ISBN:

9781451839173
ISSN:

1934-7685

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