Ukraine: First Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Ukraine

International Monetary Fund

No 2015/218, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Ukraine’s First Review Under the Extended Arrangement. The authorities have made a strong start in implementing the program. All performance criteria (PCs) for end-March 2015 and, based on preliminary information, all PCs for end-June were met. Eight benchmarks were completed, albeit four of them with a delay and two were converted into prior actions for this review. Discussions with creditors have made progress toward a debt operation that would restore fiscal sustainability. In view of the authorities’ performance under the program, their policy commitments for the period ahead, and progress toward a debt operation in line with its stated objectives, the IMF staff recommends the completion of the first review.

Keywords: ISCR; CR; authority; NBU; anchor inflation expectation; deficit target; government support; NBU loan; disbursement of SDR; Exchange rates; Credit; Inflation; Europe; Global (search for similar items in EconPapers)
Pages: 116
Date: 2015-08-04
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