Ukraine: First Review under the Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Ukraine

July 7, 2023

Preview Citation

Format: Chicago

Ukraine: First Review under the Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2023) accessed December 22, 2024

Summary

Russia’s invasion of Ukraine continues to have a devastating economic and humanitarian impact. In addition to the continuing combat in Eastern and Southern parts of Ukraine, air raids on Kyiv and other population centers have been escalating since early May; the recent destruction of the Kakhovka dam has added to the challenges. The war is having a severe impact on human and physical capital, with loss of life, drop in living standards and rise in poverty, as well as infrastructure damages. Despite the resilience of the Ukrainian people and the authorities’ skillful policymaking in maintaining macroeconomic and financial stability, continuous external support is critical to help restore medium-term external viability, prepare the country for post-war recovery and reconstruction, and facilitate Ukraine’s path to EU accession.

Subject: Budget planning and preparation, Expenditure, Fiscal risks, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Budget planning and preparation, Electricity price restriction, EU remit regulation, Fiscal risks, Global, NBU estimate, Private-sector loan, Reform agenda, Staff appraisal

Publication Details

Pages:

152
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/248
Stock No:

1UKREA2023002
ISBN:

9798400247224
ISSN:

1934-7685

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