Ukraine : First Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Ukraine

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

August 4, 2015

Electronic Access:

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Summary:

This paper discusses Ukraine’s First Review Under the Extended Arrangement. The authorities have made a strong start in implementing the program. All performance criteria (PCs) for end-March 2015 and, based on preliminary information, all PCs for end-June were met. Eight benchmarks were completed, albeit four of them with a delay and two were converted into prior actions for this review. Discussions with creditors have made progress toward a debt operation that would restore fiscal sustainability. In view of the authorities’ performance under the program, their policy commitments for the period ahead, and progress toward a debt operation in line with its stated objectives, the IMF staff recommends the completion of the first review.

Series:

Country Report No. 15/218

Subject:

English

Publication Date:

August 4, 2015

ISBN/ISSN:

9781513542317/1934-7685

Stock No:

1UKREA2015002

Format:

Paper

Pages:

116

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