Executive Board
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Board Discussions
on Ukraine:

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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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December 28, 2009 -- IMF Survey: Multi-Speed Recovery Seen for Europe
As 2009 draws to a close, IMF European Department Director Marek Belka says that what is striking about Europe is how differently countries fared during the global crisis. These different points of departure will also make for a multi-speed recovery, Belka argues.
December 17, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations Department, International Monetary Fund
November 19, 2009 -- Transcript of a press briefing by Caroline Atkinson, Director of External Relations Department, IMF
November 06, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director of External Relations, International Monetary Fund
November 04, 2009 -- IMF Survey: IMF Urges Ukraine To Stick With Recovery Policies
The IMF urges Ukrainian policymakers to try to forge a consensus to support economic recovery and avoid measures that would fuel inflation and unemployment. IMF Mission Chief Ceyla Pazarbasioglu discusses the status of the Ukrainian economic program and the way forward.
October 27, 2009 -- Press Release: IMF Resident Representative in Ukraine Meets with Trade Unions
October 25, 2009 -- Press Release: IMF Mission Statement on Ukraine
October 22, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, IMF
October 04, 2009 -- IMFC Statement by Wouter Bos, Dutch Ministry of Finance, 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: 295Kb
September 10, 2009 -- Transcript of a Press Briefing by Mr. David Hawley, Senior Advisor, External Relations Department, IMF
September 08, 2009 -- Ukraine: Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion
Series: Country Report No. 09/270
July 29, 2009 -- Transcript of a Conference Call on Ukraine With Ceyla Pazarbasioglu, Mission Chief for Ukraine in the IMF's European Department
July 28, 2009 -- Press Release: IMF Completes Second Review Under Stand-By Arrangement with Ukraine and Approves US$3.3 Billion Disbursement
July 23, 2009 -- Ukraine -- Letter of Intent and Technical Memorandum of Understanding, July 23, 2009
PDF File Size: 358Kb
July 21, 2009 -- Transcript of a Media Conference Call on Proposed SDR Allocation
July 10, 2009 -- Press Release: IMF Mission Reaches Agreement on Second Review Under Stand-By Arrangement with Ukraine
June 19, 2009 -- Transcript of IMF's Bi-Weekly Press Briefing by Caroline Atkinson, Director of External Relations Department
June 02, 2009 -- Ukraine: First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion
Series: Country Report No. 09/173
May 08, 2009 -- Press Release: IMF Completes First Review Under Stand-By Arrangement with Ukraine and Approves US$2.8 Billion Disbursement
May 08, 2009 -- Transcript of a Conference Call on Ukraine with Mission Chief Ceyla Pazarbasioglu

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