{
  "title": "Ukraine: First Review under the Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Ukraine",
  "publication": "IMF Staff Country Reports, July 7, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/07/06/ukraine-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-press-535774",
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  "summary": "This paper focuses on Ukraine’s First Review under the Extended Arrangement under the Extended Fund Facility (EFF). The authorities have made strong progress toward their commitments under the EFF under challenging conditions, meeting all applicable quantitative performance criteria through end-Apri",
  "sections": [
    {
      "heading": "Program implementation and progress",
      "content": "- The paper focuses on Ukraine’s First Review under the Extended Arrangement under the Extended Fund Facility (EFF).\n- Authorities have met all applicable quantitative performance criteria through end-April and structural benchmarks through end-June.\n- Authorities remain highly committed to the program despite challenging conditions.\n- Continued strong ownership and reform momentum are identified as necessary to:\n  - safeguard macroeconomic stability;\n  - enhance institutional reforms;\n  - support reconstruction efforts;\n  - facilitate Ukraine’s path to EU accession."
    },
    {
      "heading": "Near-term fiscal policy priorities",
      "content": "- Fiscal policies will continue to focus on:\n  - ensuring adequate resources for priority spending;\n  - sustaining strong tax revenues, including by refraining from measures that would erode the tax base;\n  - preserving fiscal and debt sustainability."
    },
    {
      "heading": "Governance, transparency, and corruption",
      "content": "- Reforms to strengthen governance, transparency and tackle corruption need to proceed immediately.\n- Progress on governance and anti-corruption is essential to:\n  - convince foreign investors that there is a level playing field in Ukraine;\n  - assure donors that their resources will be well spent;\n  - support progress toward EU accession."
    },
    {
      "heading": "Thematic coverage and keywords",
      "content": "- Subject areas: Budget planning and preparation; Expenditure; Fiscal risks; International organization; Monetary policy; Public debt; Public financial management (PFM); Revenue administration.\n- Keywords appearing in the source: Budget planning and preparation; electricity price restriction; EU remit regulation; Fiscal risks; Global; NBU estimate; private-sector loan; reform agenda; staff appraisal.\n\n---\n\n Content in this bundle\n\n- Ukraine — First Review Under the Extended Arrangement Under the Extended Fund Facility\n  - Ukraine — First Review Under the Extended Arrangement Under the Extended Fund Facility (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Ukraine — First Review Under the Extended Arrangement Under the Extended Fund Facility (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Structured JSON version](/en/publications/cr/issues/2023/07/06/ukraine-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-press-535774/index.json)",
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    "Published: July 7, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400247224.002",
    "The paper focuses on Ukraine’s First Review under the Extended Arrangement under the Extended Fund Facility (EFF).",
    "Authorities have met all applicable quantitative performance criteria through end-April and structural benchmarks through end-June.",
    "Authorities remain highly committed to the program despite challenging conditions.",
    "Continued strong ownership and reform momentum are identified as necessary to:",
    "Fiscal policies will continue to focus on:",
    "Reforms to strengthen governance, transparency and tackle corruption need to proceed immediately.",
    "Progress on governance and anti-corruption is essential to:",
    "Subject areas: Budget planning and preparation; Expenditure; Fiscal risks; International organization; Monetary policy; Public debt; Public financial management (PFM); Revenue administration.",
    "Keywords appearing in the source: Budget planning and preparation; electricity price restriction; EU remit regulation; Fiscal risks; Global; NBU estimate; private-sector loan; reform agenda; staff appraisal.",
    "**Ukraine — First Review Under the Extended Arrangement Under the Extended Fund Facility**"
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