Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Europe > Ukraine

You are looking at 1 - 10 of 14 items for :

  • Type: Journal Issue x
  • Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out x
Clear All Modify Search
Cover Departmental Papers
Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe
Christine J. Richmond
,
Ms. Dora Benedek
,
Ezequiel Cabezon
,
Bobana Cegar
,
Mr. Peter Dohlman
,
Michelle Hassine
,
Beata Jajko
,
Piotr Kopyrski
,
Maksym Markevych
,
Mr. Jacques A Miniane
,
Mr. Francisco J Parodi
,
Gabor Pula
,
Mr. James Roaf
,
Min Kyu Song
,
Mariya Sviderskaya
,
Ms. Rima A Turk
, and
Mr. Sebastian Weber
The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.
Keywords:
DPPP; DP; private sector; CESEE country; country authorities; economic activity; return on assets; ownership policy; IMF staff calculation; return on equity; holding company; support SOEs; country authority datum; composite index; aluminum company Hydro Aluminum A.S.; company Hydro Aluminum A.S.; SOE performance; government interference; Public enterprises; Privatization; Corporate governance; Employment; Global; Eastern Europe; SOE governance; CESEE region SOB; SOE presence; governance index; Total factor productivity; Europe
Cover IMF Working Papers
Resolving a Large Contingent Fiscal Liability: Eastern European Experiences
Mr. Mark J Flanagan
On occasion, a government may find itself confronted with a need to address a large contingent or off balance sheet fiscal liability. Implementing a settlement raises issues of fiscal sustainability and macroeconomic stability. This paper surveys the key design issues, and draws lessons from recent Eastern European experience. It then considers in more detail the particular case of Ukraine, and how it might approach its own large contingent liability-the so-called lost savings-which at end-2007 amounted to as much as 18 percent of GDP.
Keywords:
WP; financial market; monetary policy; current account; real interest rate
Cover IMF Working Papers
Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries
Mr. Tapio Saavalainen
and
Joy Mylène ten Berge
Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned.
Keywords:
WP; state capture; aluminum smelter; country authorities; state debt; trading company; Energy; quasi-fiscal deficit; transition; conditionality; governance; CIS country; enterprise restructuring; energy enterprise; government decree; General government cash deficit; nonviable enterprise; Tariffs; Energy sector; Electricity; Privatization; Europe; Central Asia
Cover IMF Policy Discussion Papers
FDI and the Investment Climate in the CIS Countries
Mr. Clinton R. Shiells
In view of disappointing levels of inward foreign direct investment (FDI), this paper examines capital flows into the Commonwealth of Independent States (CIS) countries and investigates the main impediments to a more favorable investment climate. Direct investment inflows have generally been related to natural resource extraction or energy transportation infrastructure projects, large privatization transactions, and debt/equity swaps to pay for energy supplies. Low FDI inflows despite strengthening macroeconomic performance has reflected a weak investment climate particularly owing to incomplete structural reforms. IMF staff working on the countries concerned cited burdensome tax systems, widespread corruption, extensive state intervention coupled with weak legal and regulatory frameworks, and incomplete structural reforms as the main impediments.
Keywords:
PDP; CIS country; FDI flow; investment climate; FDI inflow; firm Gazprom; IMF country team; Moldovan firm Moldova-Gaz; FDI; Former Soviet Union; Transition economies; Regional issues; enterprise performance; Foreign direct investment; Privatization; Capital flows; Capital inflows; Oil sector; Central and Eastern Europe; Eastern Europe; Baltics; Central Asia
Cover IMF Staff Papers
IMF Staff Papers, Volume 50, No. 1
Mr. Robert P Flood
Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?
Keywords:
SP; monetary policy; tight monetary policy; models of Fleming; origins of the Fleming-Mundell; fiscal policy action; undervaluation episode; Mundelfs policy analysis; policy instrument; Real interest rates; Privatization; Monetary tightening; Inflation; Real exchange rates; Sub-Saharan Africa; Asia and Pacific; Middle East; East Africa; Central Africa
Cover IMF Staff Country Reports
Ukraine: 2002 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ukraine
International Monetary Fund
This 2002 Article IV Consultation highlights that the economic situation in Ukraine has continued to improve in 2001. Real GDP growth is estimated to have increased from almost 6 percent in 2000 to 9 percent in 2001, mainly on account of double-digit growth of industrial output and a good grain harvest, resulting from favorable weather conditions and a lessening of government controls in agriculture. Fiscal policy through end-September 2001 was broadly on track, although indicators of revenue were affected by the accumulation of arrears on value-added tax refunds.
Keywords:
ISCR; CR; cash collection rate; rate; inflation outturn; reserve requirements ratio; collection; coalition of party; VAT refund arrears; majority coalition; Arrears; Privatization; Monetary base; Western Europe; Central and Eastern Europe; Central Asia; Europe; Africa
Cover IMF Policy Discussion Papers
Privatization in Ukraine: Challenges of Assessment and Coverage in Fund Conditionality
Ms. Katrin Elborgh-Woytek
and
Mr. Mark W Lewis
The paper examines the recent privatization experience in Ukraine in the context of the streamlining of Fund structural conditionality. A particular focus is the shift from privatization-related conditionality based on quantitative targets to conditionality aimed at strengthening privatization procedures. The paper examines how this shift was managed in Ukraine and discusses the challenges of applying conditionality to privatization procedures and the implications for country ownership.
Keywords:
PDP; enterprise; privatization program; government; privatization procedure; Public enterprises; privatization; transition; enterprise restructuring; telecommunications firm Ukrtelecom; privatization conditionality; Stock markets; Eastern Europe
Cover IMF Staff Papers
IMF Staff Papers, Volume 48, Special Issue, Transition Economies, How Much Progress?
Mr. Richard D Haas
,
Mr. Oleh Havrylyshyn
, and
Ms. Ratna Sahay
This chapter is the collection of eight papers on different aspects of the first 10 years of economic transition. Transition issues have appeared initially quite controversial. There have been controversies on the speed of reforms, privatization methods, the role and organization of government, the kind of financial system needed, etc. Although these controversies often have been ideological, they also reflect to a large extent the initial ignorance and unpreparedness of the economics profession with respect to the large. Resident representatives in transforming economies have had a unique opportunity to witness and participate in one of the most interesting and challenging events of the economics profession in the past 50 years: the transformation of centrally planned economies into market-based systems. The job is intellectually fascinating, frequently extremely rewarding, occasionally frustrating, however, never boring. The decline in cash revenue in Russia has been the key macroeconomic policy failure of the transition. This paper argues that the fall in cash compliance emerged when money printing was replaced with a method of budget financing that did not, in the short run, compromise the government's goals of low inflation, a stable exchange rate, and low interest rates, but which ultimately has led the government into a low cash revenue trap.
Keywords:
SP; market economy; firm; transition economy; investment; CIS country; state firm; cash revenue; Foreign direct investment; Privatization; Portfolio investment; Currencies; Inflation; Europe; Central and Eastern Europe; Baltics; East Asia; Central Asia and the Caucasus
Cover IMF Staff Country Reports
Ukraine: Fifth and Sixth Review under the Extended Arrangement: Staff Report; Staff Supplement and News Brief on the Executive Board Discussion
International Monetary Fund
Ukraine's economic performance has been impressive with strong growth and declining inflation under the Extended Fund Facility (EFF). Executive Directors appreciated the macroeconomic performance, and emphasized that continued prudent monetary policies in combination with exchange rate flexibility will be essential to maintain low inflation. They urged the need for accelerating structural reforms, liberalizing the agriculture sector, restructuring the bank, and strengthening the transparency and governance in the energy sector. They agreed that the country has completed the fifth and sixth reviews under the EFF.
Keywords:
ISCR; CR; draft budget law; monetary policy; expenditure; liberalization of the agriculture sector; Nontax revenue; government finances summary; discussion of the review; Budget planning and preparation; Privatization; Arrears; Currencies; Western Europe
Cover A Decade of Transition
A Decade of Transition
Achievements and Challenges
Mr. Saleh M. Nsouli
and
Mr. Oleh Havrylyshyn

Abstract

This volume reviews the experience of 25 non-Asian transition economies 10 years into their transformation to market economies. The volume is based on an IMF conference held in February 1999 in Washington, D.C., to take stock of the achievements and the challenges of transition in the context of three questions: How far has transition progressed ineach country? What factors explain the differences in the progress made? And what remains to be done?

Keywords:
SEM; country; transition country; enterprise; government; economy; enterprise manager; banking sector reform; transition economy; privatization problem; reform agenda; enterprise sector; Inflation; Disinflation; Privatization; Income; Income inequality; Baltics; Central and Eastern Europe; Eastern Europe; Europe; Middle East; North America