Ukraine : Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 11, 2014

Electronic Access:

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Summary:

This paper discusses Ukraine’s Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement. For the most part, the 2010 program was appropriately designed given the ambitious agenda it had set out to accomplish. The macroeconomic strategy and program design correctly addressed the most important vulnerabilities—Ukraine’s large fiscal and quasi-fiscal deficits, its lack of resilience to external shocks, and lingering weaknesses in the financial sector. Although the program’s long duration was appropriate given its focus on medium-term issues, hindsight would suggest that a shorter program would have been preferable given the country’s past program performance.

Series:

Country Report No. 14/146

Subject:

English

Publication Date:

June 11, 2014

ISBN/ISSN:

9781498320320/1934-7685

Stock No:

1UKREA2014003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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