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Ukraine: Stand-By Arrangement: Review Under the Emergency Financing Mechanism

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  • International Monetary Fund

Abstract

This paper discusses key findings of the two-year Stand-By-Arrangement for Ukraine under the Emergency Financing Mechanism. Output growth is turning negative on the back of a large terms-of-trade shock and the ongoing credit crunch. The deterioration of the economic and financial situation is contributing to an increase in program implementation risks. Policy implementation is in line with the program. The authorities have introduced a flexible exchange rate regime, tightened monetary policy, and have taken measures to contain the 2008 government deficit.

Suggested Citation

  • International Monetary Fund, 2009. "Ukraine: Stand-By Arrangement: Review Under the Emergency Financing Mechanism," IMF Staff Country Reports 2009/017, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/017
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22636
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    Cited by:

    1. Jan HANOUSEK & Evžen KOČENDA, 2009. "Public investment and growth in New EU member states: an overview," Departmental Working Papers 2009-23, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

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