Ukraine: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement
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Summary:
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.
Series:
Country Report No. 2014/146
Subject:
Expenditure Government debt management Pension reform Public debt Public financial management (PFM) Revenue administration Tariffs Tax refunds Taxes
English
Publication Date:
June 11, 2014
ISBN/ISSN:
9781498320320/1934-7685
Stock No:
1UKREA2014003
Pages:
44
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