1.

Record Nr.

UNINA9910791145503321

Titolo

Ukraine : : Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4983-6460-8

1-4983-9338-1

1-4983-3299-4

Descrizione fisica

1 online resource (134 p.)

Collana

IMF Staff Country Reports

Disciplina

338.94771

Soggetti

Competition - Ukraine

Banks and Banking

Finance: General

Foreign Exchange

Money and Monetary Policy

Public Finance

Macroeconomics

Exports and Imports

Industries: Financial Services

Industries: Energy

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Debt

Debt Management

Sovereign Debt

Monetary Policy

Fiscal Policy

International Lending and Debt Problems

Energy and the Macroeconomy

Banking

Currency

Foreign exchange

Public finance & taxation

Monetary economics

International economics

Finance



Government debt management

Exchange rates

Public debt

External debt

Loans

Financial institutions

Energy sector

Economic sectors

Banks and banking

Debts, Public

Monetary policy

Fiscal policy

Debts, External

Energy industries

Ukraine Economic conditions

Ukraine Economic policy

Ukraine

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS; EXTERNAL STABILITY ASSESSMENT; BOXES; 1. Stand-By Arrangements in 2008-12; OUTLOOK AND RISKS; REPORT ON DISCUSSIONS; A. The Policy Mix and Medium-Term Outlook; 2. 2012 Article IV Consultation: Key Recommendations and Actions Taken; B. Moving Towards a Sustainable Exchange Rate Regime and Monetary Framework; C. Maintaining Financial Stability; D. Launching Fiscal Consolidation to Support the Adjustment; E. Reducing Quasi-Fiscal Losses and Raising Growth with Energy Sector Reforms; F. Boosting Sustainable Growth; CAPACITY TO REPAY THE FUND

STAFF APPRAISALFIGURES; 1. Performance Among Peers, 2000-12; 2. Real Sector Indicators, 2009-13; 3. Inflation, Monetary, and Exchange Rate Developments, 2009-13; 4. External Sector Developments, 2008-13; 5. Debt and Rollover of Debt, 2008-13; 6. Financial Sector Indicators, 2009-13; 7. Structural Reforms; 8. Baseline and Adjustment Scenarios, 2011-18; TABLES; 1. Baseline Selected Economic and Social Indicators, 2009-18; 2. Baseline General Government Finances, 2010-18; 3. Baseline Balance of Payments, 2010-18; 4. Baseline Gross External Financing Requirements, 2010-18

5. Baseline Monetary Accounts, 2010-186. Financial Soundness Indicators for the Banking Sector, 2009-13; 7. Adjustment Scenario: Selected Economic and Social Indicators, 2012-18; 8. Baseline General Government Finances, GFSM 2001 Presentation, 2010-18; 9. Indicators of Fund Credit, 2009-18; ANNEXES; I. Competitiveness, Exchange Rate Assessment, and Reserve Adequacy; II. Risk Assessment Matrix; III. Public and External Debt Sustainability Analysis; IV. The Role of Devaluation Expectations in Determining the Spread Between Local and Foreign Currency Interest Rates in Ukraine



V. Enhancing the Operational Monetary Policy FrameworkVI. Determinants of Sovereign Borrowing Costs from International Markets; VII. Government Expenditures-Options for Fiscal Consolidation; VIII. Reforming Energy Subsidies in Ukraine; IX. Boosting Potential Growth in Ukraine Through Structural Reforms; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK; RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT; STATISTICAL ISSUES

Sommario/riassunto

This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January–September 2013, GDP contracted by 1¼ percent year-over-year, reflecting lower demand for Ukrainian exports and falling investments. Consumer prices stayed flat, held down by decreasing food prices and tight monetary policy. The fiscal stance loosened in 2012–2013, contributing to the buildup of vulnerabilities. Ukraine remains current on all its payments to the IMF, and the authorities have reaffirmed their commitment to repay all outstanding IMF credit.