Executive Board
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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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May 08, 2009 -- IMF Survey: Policy Adjustments Move Ukraine Forward
Reeling from the impact of the global economic crisis, Ukraine is poised to receive the second installment of a $16.4 billion IMF loan. IMF Survey online spoke with IMF Ukraine mission chief Ceyla Pazarbasioglu about key economic and financial issues facing the country.
April 25, 2009 -- IMFC Statement by Nout Wellink, President, Dutch Central Bank, 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: 307Kb
April 17, 2009 -- Press Release: IMF Mission Reaches Agreement on First Review under Stand-By Arrangement with Ukraine
March 12, 2009 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, International Monetary Fund
February 27, 2009 -- Transcript of a Press Conference on Economic Program of the Ukrainian Authorities, With Ceyla Pazarbasioglu, IMF Mission Chief to Ukraine
February 26, 2009 -- Press Briefing by David Hawley, Senior Advisor, External Relations Department, with Reza Moghadam, Director of the Strategy, Policy and Review Department, and Andrew Tweedie, Director of the Finance Department
February 13, 2009 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, International Monetary Fund
February 06, 2009 -- Press Release: Statement by the IMF Mission to Ukraine
January 22, 2009 -- Ukraine - Stand-By Arrangement - Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/17
January 15, 2009 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, IMF
January 14, 2009 -- IMF Survey: IMF Helping Counter Crisis Fallout in Emerging Europe
The financial crisis has hit Europe hard. In an interview, IMF European Department head Marek Belka talks about Europe's prospects for recovery and the principles that guide the Fund as it seeks to help Europe's emerging economies counter the fallout of the crisis.
December 31, 2008 -- Ukraine: Request for Stand-by Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion, and Statement by the Executive Director for Ukraine
Series: Country Report No. 08/384
December 18, 2008 -- Transcript of Regular Press Briefing by Caroline Atkinson, Director, External Relations Department
December 04, 2008 -- Transcript of Regular Press Briefing by Caroline Atkinson, Director, External Relations Department
November 12, 2008 -- Interview with IMF Managing Director Dominique Strauss-Kahn, Published in Caijing Magazine, November 8, 2008
November 10, 2008 -- IMF Survey: Helping Ukraine Avoid a Hard Landing
A $16.4 billion loan for Ukraine approved by the IMF's Executive Board will help the government strengthen confidence and restore economic stability after the country became the latest victim of the financial crisis sweeping the global economy.
November 06, 2008 -- Transcript of a Press Conference on Executive Board Approval of the Standby Arrangement for Ukraine
November 05, 2008 -- Press Release: IMF Approves US$16.4 Billion Stand-By Arrangement for Ukraine
October 31, 2008 -- Ukraine -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, October 31, 2008
PDF File Size: 471Kb
October 30, 2008 -- Transcript of Regular Press Briefing by David Hawley, Senior Advisor, External Relations Department, IMF

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