Cover IMF Working Papers
Buy Book in Print
Payment Arrears in the Gas and Electric Power Sectors of the Russian Federation and Ukraine
Author:
Emine Gürgen null

Search for other papers by Emine Gürgen in
Current site
Google Scholar Close
and
Hrant Bagratian null

Search for other papers by Hrant Bagratian in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 162
Language:
English
Publication Date:
01 Dec 1997
DOI:
https://doi.org/10.5089/9781451981117.001
ISBN:
9781451981117
ISSN:
1018-5941
Pages:
25
Keywords:
WP; government; payments Arrears; enterprise; payment; Russian Federation; Ukraine; gas; electric power; government interference; accounts payable; gas subsidy policy; accounts receivable; Arrears; Renewable energy; Energy sector; Energy pricing; Transportation; Baltics; Eastern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1,007.9 KB) Download Epub
This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached significant proportions in these two countries. Governments have aggravated the problem by not honoring their own bills and by condoning payments arrears outside the budget. The paper argues that the solution to the problem lies in the implementation of comprehensive systemic reforms and outlines possible measures.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund