Ukraine: Request for Stand-By Arrangement and Cancellation of Current Arrangement Staff Report; Staff Supplement; Press Release on the Executive Board Discussion

International Monetary Fund

No 2010/262, IMF Staff Country Reports from International Monetary Fund

Abstract: Even though the global financial crisis hit Ukraine hard, the Stand-By Arrangement (SBA) program managed to restore macroeconomic and financial stability. Executive Directors welcomed the new SBA aimed to consolidate public finances, restore banking system soundness, and develop a more robust monetary policy framework. Directors stressed the need for implementing tax and expenditure policies, pension reforms to catalyze financing, and measures to strengthen the banking system. Directors advised that strict adherence to these policies will help deepen market access, facilitating exit from IMF financial support.

Keywords: ISCR; CR; request; current arrangement; cancellation; SDR; Ukraine; IMF's article; discussion of Ukraine; cancellation of current arrangement; request for stand-by arrangement; GRA credit; Debt service; Pension spending; Credit; Global; Europe (search for similar items in EconPapers)
Pages: 99
Date: 2010-08-06
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