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December 16, 2013
June 29, 2012
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July 28, 2010

Ukraine: Financial Position in the Fund

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Ukraine and the IMF
Updated April 15, 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).

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April 16, 2005 -- IMFC Statement by the Honorable Gerrit Zalm, Minister of Finance of The Netherlands
On behalf of: Republic of Armenia, Bulgaria, 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: 892Kb
April 08, 2005 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
April 04, 2005 -- IMF Survey:
Mohsin Khan on the Middle East; Spring Meetings preview; Cyprus; Malaysia; Namibia; Ukraine; Global Financial Stability Report; Maputo seminar on aid and its trade-offs; Balance sheet approach. PDF File Size: 1647Kb
January 24, 2005 -- Public Information Notice: IMF Executive Board Concludes 2004 Article IV Consultation with Ukraine
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
January 24, 2005 -- Ukraine: 2004 Article IV Consultation--Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 05/15
January 24, 2005 -- Ukraine: Selected Issues
Series: Country Report No. 05/20
January 24, 2005 -- Ukraine: Statistical Appendix
Series: Country Report No. 05/21
January 13, 2005 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
December 16, 2004 -- Transcript of a Press Briefing by Thomas C. Dawson Director, External Relations Department, IMF
October 03, 2004 -- Statement by the Hon. Arseniy Yatsenyuk, Governor of the Fund for Ukraine, at the Joint Annual Discussion
PDF File Size: 117Kb
August 03, 2004 -- Ukraine-2004 IMF Article IV Consultation -- Preliminary Conclusions
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
June 01, 2004 -- Financial Crisis, Economic Recovery and Banking Development in Russia, Ukraine, and Other FSU Countries
Author/Editor: Huang, Haizhou | Marin, Dalia | Xu, Chenggang
Series: Working Paper No. 04/105
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

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