IMF Statement on UkrainePress Release No. 11/407
November 11, 2011
On November 11, 2011, the Executive Board of the International Monetary Fund discussed the ex post evaluation of the 2008 exceptional access Stand-By Arrangement for Ukraine.
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.