European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Introduction; II. Recent Developments and Outlook; Figure; 1. Macroeconomic Developments; III. Policy Implementation; A. Monetary and Exchange Rate Policy; B. Financial Sector Policy; C. Fiscal Policy; D. Other Issues; IV. Staff Appraisal; Table; 1. Selected Economic and Social Indicators, 2004-09
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (14 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283565394

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