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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 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).

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November 01, 2012 -- Transcript of a Press Briefing by Gerry Rice, Director, External Relations, International Monetary Fund
October 15, 2012 -- Ukraine Gas Pricing Policy: Distributional Consequences of Tariff Increases
Author/Editor: Mitra, Pritha | Atoyan, Ruben
Series: Working Paper No. 12/247
October 13, 2012 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 361Kb
August 31, 2012 -- How Emerging Europe Came Through the 2008/09 Crisis: An Account by the Staff of the IMF's European Department
Author/Editor: Bakker, Bas | Klingen, Christoph
August 17, 2012 -- Press Release: Statement by the IMF Resident Representative in Ukraine on Upcoming Technical Mission
July 06, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 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 28, 2012 -- Transcript of a Press Briefing by Gerry Rice, Director, External Relations Department, International Monetary Fund
May 29, 2012 -- Press Release: Statement by IMF Mission to Ukraine
May 17, 2012 -- Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations Department, International Monetary Fund
April 21, 2012 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 607Kb
April 05, 2012 -- Transcript of a Press Briefing by Gerry Rice, Director, External Relations Department, International Monetary Fund
March 14, 2012 -- Liberalizing Capital Flows and Managing Outflows - Background Paper
Subject: Capital flows | Korea, Republic of | Iceland | Russian Federation | Ukraine | Capital outflows | Capital controls | Emerging markets | Developing countries | Background papers
January 26, 2012 -- Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations Department, International Monetary Fund
November 18, 2011 -- Ukraine: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement
Series: Country Report No. 11/325
November 11, 2011 -- Press Release: IMF Statement on Ukraine
November 04, 2011 -- Press Release: Statement by IMF Resident Representative in Ukraine
September 24, 2011 -- IMFC Statement by Jan Kees de Jager, Minister of Finance, Ministry of Finance, The Netherlands
On behalf of: Republic of Armenia, Bulgaria, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 264Kb
August 24, 2011 -- Press Release: Statement by IMF Special Advisor David Lipton on Ukraine
August 11, 2011 -- Press Release: Statement by IMF Resident Representative in Ukraine
June 20, 2011 -- Press Release: Statement by IMF Acting Managing Director John Lipsky on Meeting with the Ukrainian Authorities

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