Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
IMF Staff Country Reports, December 20, 2024
Source details
- Canonical URL
- Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification 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: December 20, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400297397.002
Key findings and performance under the EFF
- The paper presents Ukraine’s Sixth Review under the Extended Arrangement under the Extended Fund Facility (EFF), Requests for Modification of a Performance Criterion, and Financing Assurances Review.
- Ukraine’s economy remains resilient, and performance remains strong under the EFF despite challenging conditions.
- The authorities met all end-September quantitative performance criteria and structural benchmarks.
- Economic growth in 2024 has been upgraded given better than expected resilience to the energy shocks.
- A slowdown is expected in 2025 due to:
- an increasingly tight labor market,
- the impact of Russian attacks on Ukrainian energy infrastructure,
- continued uncertainty about the war.
Financial sector stability and vulnerabilities
- The financial sector remains stable, but vigilance is needed given heightened risks.
- Recommended areas to sustain progress:
- strengthening bank resolution and risk-based supervision,
- enhancing stress-testing frameworks,
- improving contingency planning.
Policy priorities and reform agenda
- Sustained reform momentum is necessary to:
- safeguard macroeconomic stability,
- restore fiscal and debt sustainability,
- improve governance.
- Progress on domestic revenue mobilization and timely disbursement of external support are highlighted as necessary conditions.
Subject coverage and keywords
- Subject areas: Budget planning and preparation, Central banks, Debt sustainability, External debt, Inflation, International reserves, Prices, Public financial management (PFM).
- Keywords: Budget planning and preparation, core inflation basket, Debt sustainability, Europe, Inflation, inflation expectation, International reserves, national bank of Ukraine, supervisory board, Ukrenergo's government.
Content in this bundle
- 1ukrea2024004-print-pdf