IMF Staff Country Reports

Ukraine: Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring

Publication Date:

June 11, 2014

Electronic Access:

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Summary:

This paper discusses Ukraine’s 2013 Article IV Consultation and First Post-Program Monitoring. The Ukrainian economy has been in recession since mid-2012, and the outlook remains challenging. In January–September 2013, GDP contracted by 1¼ percent year-over-year, reflecting lower demand for Ukrainian exports and falling investments. Consumer prices stayed flat, held down by decreasing food prices and tight monetary policy. The fiscal stance loosened in 2012–2013, contributing to the buildup of vulnerabilities. Ukraine remains current on all its payments to the IMF, and the authorities have reaffirmed their commitment to repay all outstanding IMF credit.

Series:

Country Report No. 2014/145

Subject:

Banking Economic sectors Energy sector Exchange rates External debt Financial institutions Foreign exchange Government debt management Loans Public debt