Ukraine: Second Review Under the Extended Fund Facility and Requests for Waivers of Non-Observance of Performance Criteria, Rephasing of Access and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

October 3, 2016

Preview Citation

Format: Chicago

Ukraine: Second Review Under the Extended Fund Facility and Requests for Waivers of Non-Observance of Performance Criteria, Rephasing of Access and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This paper discusses Ukraine’s Second Review Under the Extended Fund Facility and Requests for Waivers of Nonobservance of Performance Criteria (PCs), Rephasing of Access and Financing Assurances Review. The economy of Ukraine has stabilized and is showing signs of a gradual recovery. Following a severe economic crisis, activity is picking up, inflation has receded quickly, and confidence is improving. International reserves have doubled to more than US$14 billion. Continued policy implementation is needed to achieve program objectives, given the still significant challenges lying ahead. The IMF staff supports the completion of the second review, and the authorities’ requests for waivers of the missed PCs, rephasing of access, and financing assurances review.

Subject: Banking, Corruption, Crime, External debt, Public debt, Revenue administration, Tariffs, Taxes

Keywords: Baltics, Central and Eastern Europe, Corruption, CR, Disbursement of SDR, Executive Board's discussion, Global, Government, ISCR, NBU law, Post evaluation of the Stand-By Arrangement, Reducing inflation, Tariffs

Publication Details

Pages:

151
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/319
Stock No:

1UKREA2016008
ISBN:

9781475543384
ISSN:

1934-7685

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