Ukraine: Request for Stand-By Arrangement and Cancellation of Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

January 8, 2019

Preview Citation

Format: Chicago

Ukraine: Request for Stand-By Arrangement and Cancellation of Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2019) accessed September 18, 2024

Summary

The Ukrainian authorities have been able to restore macro-economic stability and growth following the severe economic crisis of 2014–15. However, efforts to create a more dynamic, open, and competitive economy have fallen short of expectations, and the economy still faces important challenges. Investment, particularly foreign direct investment, is held back by a difficult business environment, while large numbers of worker seek job opportunities abroad as economic growth is too low for incomes to noticeably close the gap with regional peers. Reserves have recovered, but remain relatively low, while the economy is still vulnerable to shocks.

Subject: Banking, Currencies, External debt, Fuel prices, Money, Pension spending, Prices, Public debt, Revenue administration

Keywords: CR, Currencies, Distribution tariff, Europe, Fuel prices, Global, Heating company, Heating tariff, IMF staff estimate, ISCR, Macro-economic stability, Prudent fiscal policy, Regime

Publication Details

Pages:

111
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/003
Stock No:

1UKREA2019001
ISBN:

9781484392676
ISSN:

1934-7685

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