Ukraine: Selected Issues Paper

IMF Staff Country Reports, December 11, 2023

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Ukraine: Selected Issues Paper

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Bibliographic details

• Published: December 11, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400261657.002

Main findings

• The paper focuses on policies to address climate change in Ukraine.
• The war has been a setback to continued progress on Ukraine’s climate objectives.
• Over the longer term, Ukraine has potential to implement policies that internalize climate-related priorities as well as reconstruction, macroeconomic stability, and social protection priorities.
• Ukraine is vulnerable to climate change from substantially warmer temperatures and more volatile rainfall patterns that may arise under more severely adverse climate scenarios.
• Essential investments in climate change adaptation will need to be taken with a view toward avoiding debt vulnerabilities.
• Ukraine’s investment needs in this area are moderate sized.
• Ukraine should be in a position to make these investments over the longer term, including after debt sustainability has been restored, without causing debt vulnerabilities to re-emerge.
• Carbon pricing policies can help achieve climate objectives and deliver significant revenue generation.

Policy recommendations and implications

• Prioritize climate change adaptation investments that are compatible with reconstruction, macroeconomic stability, and social protection objectives.
• Sequence adaptation investments to avoid creating new debt vulnerabilities, with attention to debt sustainability restoration timelines.
• Consider carbon pricing policies as a tool to both reduce greenhouse gas emissions and generate significant revenue.

Vulnerabilities and scenarios

• Risks include substantially warmer temperatures and more volatile rainfall patterns under more severely adverse climate scenarios.
• Adaptation planning should account for these climate risks to safeguard reconstruction and social protection gains.

Key publication statistics

• Pages: 21
• Volume: 2023
• Issue: 400
• Series: Country Report No. 2023/400
• DOI: https://doi.org/10.5089/9798400261657.002
• Stock No: 1UKREA2023004
• ISBN: 9798400261657
• ISSN: 1934-7685

Source: Ukraine: Selected Issues Paper (IMF Staff Country Reports, 2023).

Content in this bundle

• Ukraine: Selected Issues Paper; IMF Country Report No. 23/400; December 4, 2023
  • Ukraine: Selected Issues Paper; IMF Country Report No. 23/400; December 4, 2023 (Markdown version)
  • Ukraine: Selected Issues Paper; IMF Country Report No. 23/400; December 4, 2023 (PDF)