Payment Arrears in the Gas and Electric Power Sectors of the Russian Federation and Ukraine

Author/Editor:

Emine Gürgen ; Hrant Bagratian

Publication Date:

December 1, 1997

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached significant proportions in these two countries. Governments have aggravated the problem by not honoring their own bills and by condoning payments arrears outside the budget. The paper argues that the solution to the problem lies in the implementation of comprehensive systemic reforms and outlines possible measures.

Series:

Working Paper No. 1997/162

Subject:

Arrears Economic sectors Energy pricing Energy sector Environment Expenditure External debt National accounts Renewable energy Transportation

English

Publication Date:

December 1, 1997

ISBN/ISSN:

9781451981117/1018-5941

Stock No:

WPIEA1621997

Pages:

25

Please address any questions about this title to publications@imf.org