Ukraine: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement
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Summary:
Ukraine was one of the countries hardest hit by the global economic and financial crisis; it was also one of the first countries supported by a Stand-By Arrangement (SBA). The Ex Post Evaluation of Exceptional Access Under the 2008 SBA reveals that the achievement of program objectives was mixed, with core short-term objectives largely met, but little progress made toward meeting medium-term objectives. The banking system stabilized, the current account adjusted quickly, social arrears and sovereign default were avoided, and a gradual economic recovery started from mid-2009.
Series:
Country Report No. 2011/325
Subject:
Bank resolution Banking Budget planning and preparation Commercial banks Financial crises Financial institutions Fuel prices Prices Public financial management (PFM)
English
Publication Date:
November 18, 2011
ISBN/ISSN:
9781463925208/1934-7685
Stock No:
1UKREA2011002
Pages:
39
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