Ukraine: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement

International Monetary Fund

No 2014/146, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Ukraine’s Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement. For the most part, the 2010 program was appropriately designed given the ambitious agenda it had set out to accomplish. The macroeconomic strategy and program design correctly addressed the most important vulnerabilities—Ukraine’s large fiscal and quasi-fiscal deficits, its lack of resilience to external shocks, and lingering weaknesses in the financial sector. Although the program’s long duration was appropriate given its focus on medium-term issues, hindsight would suggest that a shorter program would have been preferable given the country’s past program performance.

Keywords: ISCR; CR; deficit; deficit monetization; government; IMF staff estimate; increase exchange rate flexibility; post evaluation report; deficit target; monetary policy; banking system; Tariffs; Government debt management; Pension reform; Tax refunds; Global; Europe (search for similar items in EconPapers)
Pages: 44
Date: 2014-06-11
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=41600 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2014/146

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().