{
  "title": "Ukraine: 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement: Staff Reports; Staff Supplement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, November 28, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ukraine-2005-article-iv-consultation-and-ex-post-assessment-of-longer-term-program-18717",
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  "summary": "This paper focuses on Ukraine’s 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. After four years of strong activity, annual growth has slowed sharply, from a peak of about 12 percent in 2004 to 3 percent for January–September 2005.",
  "publishDate": "2005-11-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- After four years of strong activity, annual growth slowed sharply, from a peak of about 12 percent in 2004 to 3 percent for January–September 2005.\n- Fiscal policy in 2005 aimed at a significant fiscal tightening, with the supplementary 2005 budget targeting a general government deficit of 2½ percent of GDP compared with the 4½ percent of GDP realized during 2004, and the 6–7 percent of GDP implicit in the original 2005 budget."
    },
    {
      "heading": "Key findings",
      "content": "- Growth trajectory:\n  - Peak growth: about 12 percent in 2004.\n  - Growth for January–September 2005: 3 percent.\n- Fiscal position and adjustments:\n  - Supplementary 2005 budget target: general government deficit of 2½ percent of GDP.\n  - Realized 2004 general government deficit: 4½ percent of GDP.\n  - Implicit deficit in the original 2005 budget: 6–7 percent of GDP."
    },
    {
      "heading": "Policy implications and assessment focus",
      "content": "- The report centers on the 2005 Article IV Consultation and an ex post assessment of longer-term program engagement, emphasizing the implications of the marked growth slowdown and the scale of fiscal tightening implemented in 2005.\n- Fiscal tightening in 2005 is a central element of policy assessment given the shift from the originally implicit 6–7 percent of GDP deficit to the supplementary target of 2½ percent of GDP."
    },
    {
      "heading": "Scope and topics covered",
      "content": "- Subject areas listed: Currencies, External debt, Financial crises, Fiscal policy, Inflation, Prices, Public debt.\n- Keywords provided: Baltics, broad money, CR, debt, draft budget, exchange rate, GDP, Global, government, Inflation, ISCR, monetary policy, real GDP, U.S. dollar.\n\nUkraine: 2005 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement: Staff Reports; Staff Supplement; and Public Information Notice on the Executive Board Discussion\n\n---\n\n Content in this bundle\n\n- cr05415\n  - cr05415 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05415 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/ukraine-2005-article-iv-consultation-and-ex-post-assessment-of-longer-term-program-18717"
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    "Published: November 28, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839067.002",
    "After four years of strong activity, annual growth slowed sharply, from a peak of about 12 percent in 2004 to 3 percent for January–September 2005.",
    "Fiscal policy in 2005 aimed at a significant fiscal tightening, with the supplementary 2005 budget targeting a general government deficit of 2½ percent of GDP compared with the 4½ percent of GDP realized during 2004, and the 6–7 percent of GDP implicit in the original 2005 budget.",
    "Growth trajectory:",
    "Fiscal position and adjustments:",
    "The report centers on the 2005 Article IV Consultation and an ex post assessment of longer-term program engagement, emphasizing the implications of the marked growth slowdown and the scale of fiscal tightening implemented in 2005.",
    "Fiscal tightening in 2005 is a central element of policy assessment given the shift from the originally implicit 6–7 percent of GDP deficit to the supplementary target of 2½ percent of GDP.",
    "Subject areas listed: Currencies, External debt, Financial crises, Fiscal policy, Inflation, Prices, Public debt.",
    "Keywords provided: Baltics, broad money, CR, debt, draft budget, exchange rate, GDP, Global, government, Inflation, ISCR, monetary policy, real GDP, U.S. dollar.",
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