December 16, 2013
June 29, 2012
November 11, 2011
December 22, 2010
July 28, 2010
Article IV Staff Reports
Financial Sector Assessment Program
Projected % Change
Source: World Economic Outlook (October 2013)
Please refer to more recent PIN/Staff reports on this country for possible revisions.
Ukraine: Financial Position in the Fund
Transactions with the Fund
National Bank of Ukraine
IMF Resident Representative
Office in Ukraine
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|Ukraine and the IMF|
Updated March 7, 2014
On December 16, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2013 Article IV consultation and the first Post Program Monitoring Review, as well as the Ex-Post Evaluation of Exceptional Access under the 2010 Stand-By Arrangement with Ukraine.
Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country’s authorities.
Post-Program Monitoring provides for closer monitoring (usually twice a year) of the circumstances and policies of members whose Fund-supported program has expired but that continue to have significant Fund credit outstanding. It is intended to provide an early warning of policies which could call into question a member’s continued progress toward external viability and thus could imperil Fund resources, and a mechanism for bringing this to the attention of the country’s authorities and the Executive Board and stimulating action to improve the situation.
In 2002, the IMF Executive Board decided to conduct ex-post evaluations of arrangements involving exceptional access to the Fund’s General Resource Account. The purpose of these evaluations, which have to be completed within one year of the end of the arrangement, is to provide a critical and frank discussion of whether justifications presented at the outset of the arrangement—including the justification for exceptional access—were consistent with Fund policies and to review performance under the Fund supported program. A staff team prepares a report that is discussed with the country’s authorities and presented to the Executive Board for discussion.
The authorities need more time to conclude their consideration of the two staff reports - on the 2013 Article IV/Post-Program Monitoring and on the Ex-Post Evaluation of Exceptional Access under the 2010 Stand-By Arrangement with Ukraine.
The last Article IV Executive Board Consultation was on December 16, 2013. Listed below are items related to Ukraine, in reverse chronological order (you can also view items by category).
|May 18, 2004 -- Ukraine: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion|
Series: Country Report No. 04/129
|April 24, 2004 -- IMFC Statement by Gerrit Zalm, Minister of Finance of the Netherlands|
On behalf of: Republic of Armenia, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 610Kb
|April 07, 2004 -- Ukraine: Report on the Observance of Standards and Codes -- Fiscal Transparency Module|
Series: Country Report No. 04/98
|March 29, 2004 -- Press Release: IMF Approves 12-Month Stand-By Arrangement for Ukraine|
|March 11, 2004 -- Ukraine -- Letter of Intent, Memorandum of Economic and Financial Policies and Technical Memorandum of Understanding, March 11, 2004|
This Letter of Intent of the government of Ukraine describes the policies that Ukraine intends to implement in the context of its request for financial support from the IMF.
|December 01, 2003 -- Country Focus: The Commonwealth of Independent States -- Finance & Development - December 2003 - Volume 40 - Number 4|
A decade after starting their transition to market economies, the CIS countries have achieved impressive economic growth but need to implement further structural reforms to strengthen the investment climate; a statistical analysis illustrated with six graphs.
PDF File Size: 63 Kb
|November 04, 2003 -- Ukraine: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems|
Series: Country Report No. 03/340
|October 01, 2003 -- Priorities for Further Fiscal Reforms in the Commonwealth of Independent States|
Author/Editor: Lorie, Henri
Series: Working Paper No. 03/209
|September 23, 2003 -- Statement by the H.e. Valeriy Khoroshkovskiy, Governor of the World Bank for Ukraine, at the Joint Annual Discussion|
PDF File Size: 113Kb
|September 21, 2003 -- Statement by Gerrit Zalm, Minister of Finance of the Netherlands, International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003|
On behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Republic of Macedonia, Moldova, the Netherlands, Romania, and Ukraine.
|September 01, 2003 -- Reforming Tax Systems: Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union|
Author/Editor: Stepanyan, Vahram
Series: Working Paper No. 03/173
|September 01, 2003 -- Nominal Anchors in the CIS|
Author/Editor: Keller, Peter | Richardson, Thomas J.
Series: Working Paper No. 03/179
|August 19, 2003 -- Ukraine: Report on the Observance of Standards and Codes -- Data Module; Response by the Authorities; and Detailed Assessments Using the Data Quality Assessment Framework|
Series: Country Report No. 03/256
|June 19, 2003 -- Ukraine: 2003 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine.|
Series: Country Report No. 03/172
|June 19, 2003 -- Ukraine: Statistical Appendix|
Series: Country Report No. 03/174
|June 19, 2003 -- Ukraine: Selected Issues|
Series: Country Report No. 03/173
|June 13, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Ukraine|
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
|June 01, 2003 -- Determinants of Inflation in a Transition Economy: the Case of Ukraine|
Author/Editor: Lissovolik, Bogdan
Series: Working Paper No. 03/126
|April 15, 2003 -- IMF Staff Papers - Volume 50, Number 1, 2003 - Ownership Concentration and Performance in Ukraine's Privatized Enterprises by Alexander Pivovarsky|
This article investigates empirically the relationship between ownership concentration and performance in 376 partially and fully privatized Ukrainian enterprises. It finds that ownership concentration is positively associated with enterprise performance in Ukraine. The article also finds that concentration of ownership by foreign companies and banks is associated with better performance than ownership concentrated by the domestic owners. Ownership by Ukrainian investment funds and holding companies does not have a positive effect on performance. The article documents that, in contrast to predictions by many observers of early transition, privatization methods determined the long-term ownership structure of privatized firms.
|April 12, 2003 -- IMFC Statement by Nout Wellink on behalf of Hans Hoogervorst, Minister of Finance of the Netherlands, April 12, 2003|
The International Monetary and Financial Committee statement on behalf of the the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine