Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; and Statement by the Executive Director for Ukraine

Publication Date: June 11, 2014
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Summary: This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January–September 2013, GDP contracted by 1¼ percent year-over-year, reflecting lower demand for Ukrainian exports and falling investments. Consumer prices stayed flat, held down by decreasing food prices and tight monetary policy. The fiscal stance loosened in 2012–2013, contributing to the buildup of vulnerabilities. Ukraine remains current on all its payments to the IMF, and the authorities have reaffirmed their commitment to repay all outstanding IMF credit.
Series: Country Report No. 14/145
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Fiscal consolidation | Fiscal reforms | Energy policy | Monetary policy | Devaluation | Flexible exchange rate policy | Economic indicators | Post-program monitoring | Staff Reports | Press releases | Ukraine

Publication Date: June 11, 2014
ISBN/ISSN: 9781498351027/1934-7685 Format: Paper
Stock No: 1UKREA2014002 Pages: 133
US$18.00 (Academic Rate:
US$18.00 )
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