IMF Staff Country Reports

Ukraine: Third Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

March 22, 2024

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Ukraine: Third Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2024) accessed December 3, 2024

Summary

Two years of Russia’s war in Ukraine have taken an enormous humanitarian and economic toll. Skillful policymaking supported by external financing has helped maintain macroeconomic stability, and the authorities have advanced important structural reforms. Households and business have continued adjusting to wartime conditions, leading to growth and inflation outturns in 2023 that were better than expected at the Second Review. The decision to open EU accession negotiations and approval of the €50 billion Ukraine Facility are positive developments. However, headwinds include discussions on a new round of mobilization and delayed approval of committed external support, which are both weighing down sentiment.

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

Keywords: Baseline financing gap, Budget financing needs, Budget planning and preparation, Budget support grant, Fiscal risks, FX cash market stability support, General government finance, Global, Inflation moderate, International reserves, SOE state ownership Policy, Support program

Publication Details

  • Pages:

    154

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/078

  • Stock No:

    1UKREA2024001

  • ISBN:

    9798400270291

  • ISSN:

    1934-7685

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