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Ukraine :, First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion

Abstract
Ukraine’s economic downturn has been sharper than originally envisaged, mostly reflecting the deterioration of the external environment. The staff report examines Ukraine’s first review under the Stand-By Arrangement, requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement. A flexible exchange rate policy, supported by base money targets and a transparent intervention strategy, remains a key component of the program. Given balance sheet effects associated with unhedged foreign currency borrowing, the central bank stands ready to take action to avoid excessive exchange rate depreciation
Table Of Contents
Cover; Contents; I. Introduction and Summary; II. Recent Developments and Outlook; Boxes; 1. Recent Developments in the Gas Sector; Figures; 1. Real Sector Indicators, 2004-09; 2. Fiscal Indicators, 2001-09; 3. Indicators of Inflation, 2003-09; 4. External Trade Developments, 2004-09; 5. Banking System Indicators, 2007-09; III. Policy Discussions; A. Macroeconomic Framework; 6. External Debt Sustainability: Bound Tests; 7. Public Debt Sustainability: Bound Tests; B. Fiscal Policy; C. Monetary and Exchange Rate Policy; D. Financial Sector Policy; E. Other Issues
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (77 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462353309

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