Ukraine : 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; and Statement by the Executive Director for Ukraine.
Title:
Ukraine : 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; and Statement by the Executive Director for Ukraine.
Author:
European Dept., International Monetary Fund.
ISBN:
9781498332996
Personal Author:
Physical Description:
1 online resource (134 pages)
Series:
IMF Staff Country Reports ; v.Country Report No. 14/145
IMF Staff Country Reports
Contents:
Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- EXTERNAL STABILITY ASSESSMENT -- OUTLOOK AND RISKS -- REPORT ON DISCUSSIONS -- A. The Policy Mix and Medium-Term Outlook -- B. Moving Towards a Sustainable Exchange Rate Regime and Monetary Framework -- C. Maintaining Financial Stability -- D. Launching Fiscal Consolidation to Support the Adjustment -- E. Reducing Quasi-Fiscal Losses and Raising Growth with Energy Sector Reforms -- F. Boosting Sustainable Growth -- CAPACITY TO REPAY THE FUND -- STAFF APPRAISAL -- BOXES -- 1. Stand-By Arrangements in 2008-12 -- 2. 2012 Article IV Consultation: Key Recommendations and Actions Taken -- FIGURES -- 1. Performance Among Peers, 2000-12 -- 2. Real Sector Indicators, 2009-13 -- 3. Inflation, Monetary, and Exchange Rate Developments, 2009-13 -- 4. External Sector Developments, 2008-13 -- 5. Debt and Rollover of Debt, 2008-13 -- 6. Financial Sector Indicators, 2009-13 -- 7. Structural Reforms -- 8. Baseline and Adjustment Scenarios, 2011-18 -- TABLES -- 1. Baseline Selected Economic and Social Indicators, 2009-18 -- 2. Baseline General Government Finances, 2010-18 -- 3. Baseline Balance of Payments, 2010-18 -- 4. Baseline Gross External Financing Requirements, 2010-18 -- 5. Baseline Monetary Accounts, 2010-18 -- 6. Financial Soundness Indicators for the Banking Sector, 2009-13 -- 7. Adjustment Scenario: Selected Economic and Social Indicators, 2012-18 -- 8. Baseline General Government Finances, GFSM 2001 Presentation, 2010-18 -- 9. Indicators of Fund Credit, 2009-18 -- ANNEXES -- I. Competitiveness, Exchange Rate Assessment, and Reserve Adequacy -- II. Risk Assessment Matrix -- III. Public and External Debt Sustainability Analysis -- IV. The Role of Devaluation Expectations in Determining the Spread Between Local and Foreign Currency Interest Rates in Ukraine.
V. Enhancing the Operational Monetary Policy Framework -- VI. Determinants of Sovereign Borrowing Costs from International Markets -- VII. Government Expenditures-Options for Fiscal Consolidation -- VIII. Reforming Energy Subsidies in Ukraine -- IX. Boosting Potential Growth in Ukraine Through Structural Reforms -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH THE WORLD BANK -- RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT -- STATISTICAL ISSUES.
Abstract:
This paper discusses Ukraineâs 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 JanuaryâSeptember 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 2012â2013, 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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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