Ukraine: Request for Stand-By Arrangement and Cancellation of Current Arrangement Staff Report; Staff Supplement; Press Release on the Executive Board Discussion
August 6, 2010
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Even though the global financial crisis hit Ukraine hard, the Stand-By Arrangement (SBA) program managed to restore macroeconomic and financial stability. Executive Directors welcomed the new SBA aimed to consolidate public finances, restore banking system soundness, and develop a more robust monetary policy framework. Directors stressed the need for implementing tax and expenditure policies, pension reforms to catalyze financing, and measures to strengthen the banking system. Directors advised that strict adherence to these policies will help deepen market access, facilitating exit from IMF financial support.
Subject: Banking, Credit, Debt service, Expenditure, External debt, Money, Pension spending, Public debt
Keywords: cancellation, cancellation of current arrangement, CR, Credit, current arrangement, Debt service, discussion of Ukraine, Europe, Global, GRA credit, IMF's article, ISCR, Pension spending, request, request for stand-by arrangement, SDR, Ukraine
Pages:
99
Volume:
2010
DOI:
Issue:
262
Series:
Country Report No. 2010/262
Stock No:
1UKREA2010001
ISBN:
9781455206841
ISSN:
1934-7685
