Ukraine : Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement

Publication Date: November 18, 2011
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Summary: Ukraine was one of the countries hardest hit by the global economic and financial crisis; it was also one of the first countries supported by a Stand-By Arrangement (SBA). The Ex Post Evaluation of Exceptional Access Under the 2008 SBA reveals that the achievement of program objectives was mixed, with core short-term objectives largely met, but little progress made toward meeting medium-term objectives. The banking system stabilized, the current account adjusted quickly, social arrears and sovereign default were avoided, and a gradual economic recovery started from mid-2009.
Series: Country Report No. 11/325
Subject(s): Conditionality | Economic growth | Economic indicators | Ex post assessments | Exchange rate regimes | Financial sector | Flexible exchange rates | Stand-by arrangement requests

Publication Date: November 18, 2011
ISBN/ISSN: 9781463925208/1934-7685 Format: Paper
Stock No: 1UKREA2011002 Pages: 39
US$18.00 (Academic Rate:
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