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December 16, 2013
June 29, 2012
November 11, 2011
December 22, 2010
July 28, 2010

Ukraine: Financial Position in the Fund

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Ukraine and the IMF
Updated April 24, 2014

On December 16, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV consultation and the first Post Program Monitoring Review, as well as the Ex-Post Evaluation of Exceptional Access under the 2010 Stand-By Arrangement with Ukraine.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country’s authorities.

Post-Program Monitoring provides for closer monitoring (usually twice a year) of the circumstances and policies of members whose Fund-supported program has expired but that continue to have significant Fund credit outstanding. It is intended to provide an early warning of policies which could call into question a member’s continued progress toward external viability and thus could imperil Fund resources, and a mechanism for bringing this to the attention of the country’s authorities and the Executive Board and stimulating action to improve the situation.

In 2002, the IMF Executive Board decided to conduct ex-post evaluations of arrangements involving exceptional access to the Fund’s General Resource Account. The purpose of these evaluations, which have to be completed within one year of the end of the arrangement, is to provide a critical and frank discussion of whether justifications presented at the outset of the arrangement—including the justification for exceptional access—were consistent with Fund policies and to review performance under the Fund supported program. A staff team prepares a report that is discussed with the country’s authorities and presented to the Executive Board for discussion.

The authorities need more time to conclude their consideration of the two staff reports - on the 2013 Article IV/Post-Program Monitoring and on the Ex-Post Evaluation of Exceptional Access under the 2010 Stand-By Arrangement with Ukraine.

The last Article IV Executive Board Consultation was on December 16, 2013. Listed below are items related to Ukraine, in reverse chronological order (you can also view items by category).

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July 26, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, IMF External Relations Department and Masood Ahmed, Deputy Director, Policy Development and Review Department
With me this morning is Masood Ahmed, the Deputy Director of the Policy Development and Review Department, whose particular focus is on debt issues, HIPC, PRGF and so on.
July 10, 2000 -- News Brief: Release of PricewaterhouseCoopers Report on the National Bank of Ukraine
May 04, 2000 -- News Brief: Release of PricewaterhouseCoopers Report on the National Bank of Ukraine
April 16, 2000 -- International Monetary and Financial Committee Meeting Intervention by Mr. Nout Wellink, President of De Nederlandsche Bank
The International Monetary and Financial Committee member for the constituency consisting of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine.
March 23, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department
We have ongoing a series of meetings with a number of the NGOs with whom we have been in regular contact.
March 20, 2000 -- IMF Survey:
Köhler nominated for IMF Managing Director; Capital Flow and Debt Statistics; IMF reviews Mozambique's needs; Ukraine review commissioned; Japanese banking crisis; Poland's recovery; Argentine Stand-By; Support package for Ecuador; social spending under IMF programs rises. PDF File Size: 491Kb
March 14, 2000 -- News Brief: Allegations About the Use of Ukraine's International Reserves
March 14, 2000 -- Transcript of a Press Briefing by Thomas Dawson, Director, External Relations Department
Yes, I do expect that at a Board meeting probably this afternoon, Mr. Köhler's nomination will be put forward; in all probability put forward by a Portuguese Representative representing the European Community as a whole, but with a statement by the German Executive Director as well.
December 09, 1999 -- Learning the Lessons of Financial Crises: The Roles of the Public and Private Sectors -- Address by Stanley Fischer
Given at the Emerging Market Traders' Association Annual Meeting, New York
September 26, 1999 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands - Interim Committee Meeting
The Interim Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, The Netherlands, Romania and Ukraine.
September 07, 1999 -- News Brief: IMF Executive Board Completes Review and Approves US$184 Million Credit Tranche for Ukraine
September 01, 1999 -- IMF Report on Observance of Standards and Codes: Ukraine
This report compares country practices in Ukraine with internationally recognized standards and codes in the area of fiscal transparency. In this respect, the report covers disclosure practices and also discusses issues related to the quality of the information released.
August 26, 1999 -- Ukraine Letter of Intent, August 26, 1999
This Letter of Intent of the government of Ukraine describes the policies that Ukraine intends to implement in the context of its request for financial support from the IMF.
July 15, 1999 -- Getting it Right: Sequencing Financial Sector Reforms - Transcript
Transcript of an Economic Forum on Financial sector liberalization.
July 05, 1999 -- IMF Survey:
Cologne summit overview and Group of Eight communique and debt initiative; Camdessus back Cologne debt initiative; Central Asian customs reform; IMF Executive Board work program; and IMF completes Ukraine review PDF File Size: 774Kb
June 30, 1999 -- News Brief: IMF Executive Board Completes Ukraine Review and Approves Next Credit Tranche
May 27, 1999 -- Press Release: IMF Approves Augmentation of Extended Fund Facility for Ukraine
May 20, 1999 -- Ukraine Letter of Intent, May 20, 1999
This Letter of Intent of the government of Ukraine describes the policies that Ukraine intends to implement in the context of its request for financial support from the IMF.
May 05, 1999 -- Ukraine - Recent Economic Developments
Series: IMF Staff Country Report No.
April 27, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Ukraine
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.

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