Ukraine: Recent Economic Developments
May 19, 1999
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This paper reviews economic developments in Ukraine during 1996–99. Output decline continued in 1997 and 1998, especially following the August 1998 crisis in Russia. During this period, Ukraine made substantial progress in reducing inflation, mainly through the implementation of a monetary policy that aimed at keeping the exchange rate broadly stable. However, the fiscal situation remained difficult, despite a sizable adjustment in 1998. Throughout the period, economic policy was influenced by developments in international capital markets.
Subject: Banking, Budget planning and preparation, Currencies, Expenditure, Financial institutions, Money, Pension spending, Public financial management (PFM), Treasury bills and bonds
Keywords: Asia and Pacific, Baltics, broad money, Budget planning and preparation, CR, Currencies, debt service, exchange rate, foreign exchange, gross domestic product, ISCR, Pension spending, real GDP, Treasury bills and bonds, U.S. dollar
Pages:
170
Volume:
1999
DOI:
Issue:
042
Series:
Country Report No. 1999/042
Stock No:
1UKREA0011999
ISBN:
9781451838930
ISSN:
1934-7685
