Ukraine: Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring

June 11, 2014

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Format: Chicago

Ukraine: Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring, (USA: International Monetary Fund, 2014) accessed November 24, 2024

Summary

This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January–September 2013, GDP contracted by 1¼ percent year-over-year, reflecting lower demand for Ukrainian exports and falling investments. Consumer prices stayed flat, held down by decreasing food prices and tight monetary policy. The fiscal stance loosened in 2012–2013, contributing to the buildup of vulnerabilities. Ukraine remains current on all its payments to the IMF, and the authorities have reaffirmed their commitment to repay all outstanding IMF credit.

Subject: Banking, Economic sectors, Energy sector, Exchange rates, External debt, Financial institutions, Foreign exchange, Government debt management, Loans, Public debt

Keywords: Baseline General government, CDS spread, CR, Deficit monetization, Eastern Europe, Energy company Naftogaz, Energy sector, Europe, Exchange rates, Global, Government, Gross reserve, ISCR, Loans, NBU intervention, Staff appraisal

Publication Details

Pages:

133
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/145
Stock No:

1UKREA2014002
ISBN:

9781498351027
ISSN:

1934-7685

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