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

International Monetary Fund

No 2014/145, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; energy company Naftogaz; CDS spread; NBU intervention; staff appraisal; gross reserve; deficit monetization; Exchange rates; Loans; Global; Eastern Europe; Europe; baseline General government; Energy sector (search for similar items in EconPapers)
Pages: 133
Date: 2014-06-11
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