Ukraine: Request for Purchase under the Rapid Financing Instrument and Cancellation of Stand-by Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
IMF Staff Country Reports, March 10, 2022
Source details
- Canonical URL
- Ukraine: Request for Purchase under the Rapid Financing Instrument and Cancellation of Stand-by Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
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Bibliographic details
- Published: March 10, 2022
- Series: IMF Staff Country Reports
Context and outlook
- Geopolitical tensions with Russia had already curtailed Ukraine’s access to markets prior to February 24.
- The escalation to an invasion of Ukraine by Russia and full-blown war on February 24 has dramatically altered Ukraine’s outlook.
- A deep recession and large reconstruction costs are to be expected, on the backdrop of a humanitarian crisis.
- With the war ongoing, the situation remains extremely fluid, and any forecast is at this stage subject to massive uncertainty.
Key findings and immediate priorities
- Authorities are rightly focusing on ensuring the continuity of critical government operations.
- Preserving financial stability is a top priority.
- Protecting priority spending is being emphasized amid the crisis.
Thematic coverage (subject keywords)
- Credit
- Currencies
- External debt
- Financial institutions
- International organization
- Loans
- Monetary policy
- Money
- Public debt
Content in this bundle
- 1ukrea2022001 - Executive Summary