December 16, 2013
June 29, 2012
November 11, 2011
December 22, 2010
July 28, 2010
Ukraine: Financial Position in the Fund
Transactions with the Fund
National Bank of Ukraine
IMF Resident Representative
Office in Ukraine
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|Ukraine and the IMF|
Updated April 15, 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).
|September 23, 2003 -- Statement by the H.e. Valeriy Khoroshkovskiy, Governor of the World Bank for Ukraine, at the Joint Annual Discussion|
PDF File Size: 113Kb
|September 21, 2003 -- Statement by Gerrit Zalm, Minister of Finance of the Netherlands, International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003|
On behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Republic of Macedonia, Moldova, the Netherlands, Romania, and Ukraine.
|September 01, 2003 -- Reforming Tax Systems: Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union|
Author/Editor: Stepanyan, Vahram
Series: Working Paper No. 03/173
|September 01, 2003 -- Nominal Anchors in the CIS|
Author/Editor: Keller, Peter | Richardson, Thomas J.
Series: Working Paper No. 03/179
|August 19, 2003 -- Ukraine: Report on the Observance of Standards and Codes -- Data Module; Response by the Authorities; and Detailed Assessments Using the Data Quality Assessment Framework|
Series: Country Report No. 03/256
|June 19, 2003 -- Ukraine: 2003 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine.|
Series: Country Report No. 03/172
|June 19, 2003 -- Ukraine: Statistical Appendix|
Series: Country Report No. 03/174
|June 19, 2003 -- Ukraine: Selected Issues|
Series: Country Report No. 03/173
|June 13, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Ukraine|
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
|June 01, 2003 -- Determinants of Inflation in a Transition Economy: the Case of Ukraine|
Author/Editor: Lissovolik, Bogdan
Series: Working Paper No. 03/126
|April 15, 2003 -- IMF Staff Papers - Volume 50, Number 1, 2003 - Ownership Concentration and Performance in Ukraine's Privatized Enterprises by Alexander Pivovarsky|
This article investigates empirically the relationship between ownership concentration and performance in 376 partially and fully privatized Ukrainian enterprises. It finds that ownership concentration is positively associated with enterprise performance in Ukraine. The article also finds that concentration of ownership by foreign companies and banks is associated with better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding companies does not have a positive effect on performance. The article documents that, in contrast to predictions by many observers of early transition, privatization methods determined the long-term ownership structure of privatized firms.
|April 12, 2003 -- IMFC Statement by Nout Wellink on behalf of Hans Hoogervorst, Minister of Finance of the Netherlands, April 12, 2003|
The International Monetary and Financial Committee statement on behalf of the the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine
|February 27, 2003 -- Ukraine -- Concluding Statement of the 2003 IMF Article IV Consultation Mission|
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
|January 14, 2003 -- Press Release: Ukraine Subscribes to the IMF's Special Data Dissemination Standard|
|December 01, 2002 -- Cross-Border Issues in Energy Trade in the CIS Countries|
Author/Editor: Dodsworth, John | Mathieu, Paul Henri | Shiells, Clinton R.
Series: Policy Discussion Paper No. 02/13
|December 01, 2002 -- Imperfect Competition and the Design of VAT Regimes: The Case of Energy Trade between Russia and Ukraine|
Author/Editor: Shiells, Clinton R.
Series: Working Paper No. 02/235
|September 29, 2002 -- Statement by the Hon. Vasyl Rohovyi, Governor of the World Bank for the Ukraine, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002|
PDF File Size: 111Kb
|September 28, 2002 -- Statement by Hans Hoogervorst, Minister of Finance of the Netherlands, IMFC Meeting, Washington, D.C., September 28, 2002|
The International Monetary and Financial Committee statement on behalf of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Former Yugoslav Republic of Macedonia, Moldova, the Netherlands, Romania, and Ukraine
|September 28, 2002 -- Press Briefing on Developments in Baltic and CIS Countries, Opening Remarks by John Odling-Smee, Director, European II Department, IMF|
|August 31, 2002 -- The IMF and Ukraine: What Really Happened, A Commentary by Lorenzo Figliuoli and Bogdan Lissovolik, IMF Resident Representatives in Ukraine|