Executive Board
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Board Discussions
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December 16, 2013
June 29, 2012
November 11, 2011
December 22, 2010
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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July 28, 2010 -- Press Release: IMF Executive Board Approves US$15.15 Billion Stand-By Arrangement for Ukraine
July 03, 2010 -- Press Release: IMF Announces Staff Level Agreement with Ukraine on US$14.9 Billion Stand-By Arrangement
June 17, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
June 10, 2010 -- Press Release: Statement at the Conclusion of the IMF Staff Visit to Ukraine
June 04, 2010 -- Press Release: IMF Resident Representative Statement on Ukraine
June 03, 2010 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department
May 20, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, IMF
May 10, 2010 -- Transcript of Press Briefing by International Monetary Fund First Deputy Managing Director John Lipsky on the Euro Countries Stabilization Measures, Washington, D.C.
April 27, 2010 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky on Meeting with the Ukrainian Delegation Headed by Deputy Prime Minister Sergiy Tihipko
April 24, 2010 -- IMFC Statement by Maria van der Hoeven Minister of Finance a.i., 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, Montenegro, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 306Kb
April 15, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department
April 12, 2010 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn Following his Meeting with President Yanukovych of Ukraine
April 02, 2010 -- Press Release: Statement at the Conclusion of the IMF Mission to Ukraine
April 01, 2010 -- Transcript of a Press Briefing by Gerry Rice, Deputy Director, External Relations Department, International Monetary Fund
March 19, 2010 -- Press Release: IMF Resident Representative Statement on Ukraine
March 12, 2010 -- Press Release: Statement by IMF Resident Representative in Ukraine
February 18, 2010 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department
January 22, 2010 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department International Monetary Fund
January 14, 2010 -- Transcript of a Press Conference by International Monetary Fund Managing Director Dominique Strauss-Kahn with John Lipsky, First Deputy Managing Director, and Caroline Atkinson, Director, External Relations
December 30, 2009 -- Press Release: IMF Statement on Ukraine

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