Ukraine: Request for an Extended Arrangement Under the Extended Fund Facility and Review of Program Monitoring with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

IMF Staff Country Reports, March 31, 2023

Source details

Canonical URL

Ukraine: Request for an Extended Arrangement Under the Extended Fund Facility and Review of Program Monitoring with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: March 31, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400240270.002

Program objectives and scope

• Presents Ukraine’s Request for an Extended Arrangement under the Extended Fund Facility (EFF) and Review of Program Monitoring with Board Involvement.
• EFF-supported program aims to:
  • Anchor policies that sustain fiscal, external, price and financial stability.
  • Support economic recovery in the context of post-war reconstruction and Ukraine’s path to EU accession.
  • Enhance governance and strengthen institutions to promote long-term growth.

Financing, external viability, and debt sustainability

• Approval of the EFF is expected to:
  • Mobilize large-scale concessional financing from Ukraine’s international donors and partners.
  • Help resolve Ukraine’s balance of payments problem.
  • Attain medium-term external viability.
  • Restore debt sustainability on a forward-looking basis in both a baseline and downside scenario.

Governance and anti-corruption

• Further improving governance is critical to Ukraine’s objectives of EU membership and achieving sustained growth.
• Independent and effective anti-corruption institutions are emphasized to:
  • Mitigate corruption risks during Martial Law.
  • Promote public trust and donor confidence in future reconstruction.

Financial sector stability and recovery preparedness

• Policies will need to:
  • Preserve financial stability.
  • Prepare for the post-war recovery, including contingency planning.
  • Conduct bank diagnostics.
  • Tackle troubled banks and nonperforming assets.

Thematic coverage and keywords

• Subject areas listed:
  • Budget planning and preparation
  • Debt sustainability
  • Expenditure
  • External debt
  • International organization
  • Monetary policy
  • Public debt
  • Public financial management (PFM)
  • Revenue administration
• Keywords include:
  • authorities' capacity
  • Budget planning and preparation
  • budget support
  • Debt sustainability
  • Eastern Europe
  • Europe
  • financing Gap Table
  • inflation-targeting regime
  • NBU reserve

Content in this bundle

• 1ukrea2023001
  • 1ukrea2023001 (Markdown version)
  • 1ukrea2023001 (PDF)