Ukraine: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

February 5, 2007

Preview Citation

Format: Chicago

Ukraine: 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that Ukraine’s fiscal policy in 2005–06 reshuffled resources from higher saving businesses to lower saving households, touching off a consumption boom, which has been reinforced by rapid credit expansion. In 2005, this boom helped to offset the drag on the economy from marked real currency appreciation, weaker steel exports owing to intensified third-country competition, higher business-tax collections, and post-Orange-Revolution reforms, which clamped down on tax loopholes, smuggling, and corruption. The authorities have proven adept at hitting low fiscal deficit targets.

Subject: Banking, Energy prices, External debt, Import prices, Inflation, Prices, Public debt

Keywords: CR, December, Energy prices, Energy-price pass-through, Import prices, Inflation, Information, ISCR, Lending, Pension increase, Staff appraisal, Staff concern, U.S. dollar, Western Europe

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/050
Stock No:

1UKREA2007003
ISBN:

9781451839111
ISSN:

1934-7685

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