IMF Staff Country Reports

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

Publication Date:

November 18, 2011

Electronic Access:

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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. 2011/325

Subject:

Bank resolution Banking Budget planning and preparation Commercial banks Financial crises Financial institutions Fuel prices Prices Public financial management (PFM)