Ukraine: Staff Report for the 2012 Article IV Consultation
IMF Staff Country Reports, November 27, 2012
Source details
- Canonical URL
- Ukraine: Staff Report for the 2012 Article IV Consultation
Other formats
Bibliographic details
- Published: November 27, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475591347.002
Executive summary and context
- Publication date: November 27, 2012
- Main summary: Following the 2008/9 financial crisis and deep recession, a cyclical recovery took hold in Ukraine, supported by a stronger external environment. Efforts to consolidate public finances and repair the banking system began strengthening Ukraine’s resilience to external shocks. More recently, policies have not been sufficient to meet key objectives, and the government has hesitated to undertake politically unpopular reforms. The external environment has become less supportive, and the recovery is losing momentum.
- Subject classification: Banking, Currencies, Exchange rates, External debt, Foreign exchange, Government debt management, Money, Public debt, Public financial management (PFM)
- Keywords: CR, Currencies, deficit, deficit target, Eastern Europe, Exchange rates, Global, government, Government debt management, government deficit improvement, ISCR, monetary policy, public finance, U.S. dollar, Ukraine
Key findings and indicators
- Recovery dynamics:
- A cyclical recovery emerged after the 2008/9 financial crisis and deep recession, supported by a stronger external environment.
- The recovery is losing momentum as the external environment becomes less supportive.
- Policy performance:
- Efforts were made to consolidate public finances and repair the banking system, which began strengthening resilience to external shocks.
- More recently, policies have not been sufficient to meet key objectives.
- The government has hesitated to undertake politically unpopular reforms.
Content in this bundle
- Ukraine: 2012 Article IV consultation--Staff Report; IMF Country Report 12/315; June 15, 2012