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Ukraine: First Review Under the Extended Arrangement—Press Release; Staff Report; and Statement by the Executive Director for Ukraine
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 218
Language:
English
Publication Date:
04 Aug 2015
DOI:
https://doi.org/10.5089/9781513542317.002
ISBN:
9781513542317
ISSN:
1934-7685
Pages:
116
Keywords:
ISCR; CR; authority; NBU; anchor inflation expectation; deficit target; government support; NBU loan; disbursement of SDR; Exchange rates; Credit; Inflation; Europe; Global
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This paper discusses Ukraine’s First Review Under the Extended Arrangement. The authorities have made a strong start in implementing the program. All performance criteria (PCs) for end-March 2015 and, based on preliminary information, all PCs for end-June were met. Eight benchmarks were completed, albeit four of them with a delay and two were converted into prior actions for this review. Discussions with creditors have made progress toward a debt operation that would restore fiscal sustainability. In view of the authorities’ performance under the program, their policy commitments for the period ahead, and progress toward a debt operation in line with its stated objectives, the IMF staff recommends the completion of the first review.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund