IMF Staff Country Reports

Ukraine: 2023 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

December 11, 2023

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Ukraine: 2023 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Russia’s war in Ukraine continues to have a devastating economic and humanitarian impact. The frontlines remain stalled as combat continues in eastern and southern Ukraine. Russia quit the Black Sea Grain Initiative (BSGI) in July and has stepped up attacks on Ukraine’s port infrastructure. The war is severely impacting human and physical capital, with large-scale loss of life, drop in living standards, rise in poverty, and damage to infrastructure. Despite the resilience of the Ukrainian people and the authorities’ skillful policymaking to maintain 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 for which the European Commission (EC) has recommended opening accession negotiations.

Subject: Budget planning and preparation, Exchange rate arrangements, Expenditure, Fiscal policy, Foreign exchange, International organization, Monetary policy, Public financial management (PFM), Revenue administration

Keywords: A number of credit risk assessment requirement, Baseline financing gap, Budget financing needs, Budget planning and preparation, EU accession, Exchange rate arrangements, Global, Government support program, HQ-led STX, NBU securities, Path to EU accession, State guarantee

Publication Details

  • Pages:

    203

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/399

  • Stock No:

    1UKREA2023003

  • ISBN:

    9798400261398

  • ISSN:

    1934-7685

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