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Ukraine: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement

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  • International Monetary Fund

Abstract

This paper discusses Ukraine’s Request for Extended Arrangement Under the Extended Fund Facility (EFF) and Cancellation of Stand-by Arrangement (SBA). Despite tangible progress under the SBA, the crisis in Ukraine has increased its balance of payments and adjustment needs beyond what can be achieved under the current program. The authorities’ new four-year IMF-supported program aims to decisively address these challenges. The program lays out a strategy to restore financial and economic stability and resolve long-standing structural obstacles to growth. In view of Ukraine’s large external financing needs and the authorities’ strong policy commitments, the IMF staff supports approval of Ukraine’s four-year Extended Arrangement under the EFF with access equivalent to SDR 12.348 billion.

Suggested Citation

  • International Monetary Fund, 2015. "Ukraine: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement," IMF Staff Country Reports 2015/069, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/069
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    Cited by:

    1. Antonio Bassanetti & Carlo Cottarelli & Andrea F Presbitero, 2019. "Lost and found: market access and public debt dynamics," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 445-471.
    2. Andrei-Viorel Tatar & Ioan Chirila, 2017. "Impact of EU Investment Programs on the Ukrainian Market," MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier di Treviso, Italy, 24–27 May 2017,, University of Primorska Press.
    3. Barisitz, Stephan & Fungáčová, Zuzana, 2015. "Ukraine: Struggling banking sector and substantial political and economic uncertainty," BOFIT Policy Briefs 3/2015, Bank of Finland Institute for Emerging Economies (BOFIT).

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