Ukraine: Fourth Review of the Extended Arrangement under the Extended Fund Facility, Request for Modifications of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
IMF Staff Country Reports, June 28, 2024
Source details
- Canonical URL
- Ukraine: Fourth Review of the Extended Arrangement under the Extended Fund Facility, Request for Modifications of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
Other formats
Bibliographic details
- Published: June 28, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400282386.002
Executive summary and program performance
- Ukraine’s performance remains strong under the Extended Fund Facility (EFF) despite challenging conditions.
- All quantitative performance criteria for end-March were met.
- All structural benchmarks through end-June were implemented on time or with a short delay.
- The Ukrainian economy continues to be resilient although the outlook remains subject to exceptionally high uncertainty.
Macroeconomic outlook and risks
- Outlook is subject to exceptionally high uncertainty (phrase preserved as in source).
- Sustained reform momentum and timely disbursement of external support are necessary to:
- Safeguard macroeconomic stability.
- Restore fiscal and debt sustainability.
- Enhance institutional reforms to lay the path to European Union accession.
Financing needs and external support
- Timely and predictable external disbursements together with strong domestic resource mobilization and careful liquidity management are necessary for Ukraine to meet its financing needs.
- Financing assurances review and the Request for Modification of a Performance Criterion are components of the paper’s coverage (descriptive statement from source).
Fiscal policy guidance
- Fiscal policies for the remainder of 2024, together with preparation for the 2025 budget, should be underpinned by steadfast revenue mobilization efforts aligned with the National Revenue Strategy.
Subjects and keywords
- Subject: Budget planning and preparation, Central banks, Expenditure, Financial sector policy and analysis, Financial sector stability, International reserves, Public debt, Public financial management (PFM)
- Keywords: Budget planning and preparation, ESBU head, ESBU law, ESBU's role, Europe, Financial sector stability, Global, International reserves, investigative power, staff appraisal
Source: IMF Staff Country Report — Ukraine: Fourth Review of the Extended Arrangement under the Extended Fund Facility, Request for Modifications of a Performance Criterion, and Financing Assurances Review; Press Release; Staff Report; and Statement by the Executive Director for Ukraine (June 28, 2024).
Content in this bundle
- 1ukrea2024002-print-pdf