Ukraine: Second Review Under the Extended Fund Facility and Requests for Waivers of Non-Observance of Performance Criteria, Rephasing of Access...
- ISBN-10
- 1475543387
- ISBN-13
- 9781475543384
- Series
- Ukraine
- Category
- Business & Economics
- Pages
- 151
- Language
- English
- Published
- 2016-10-03
- Publisher
- International Monetary Fund
- Author
- International Monetary Fund. European Dept.
Description
The authorities have continued to make progress in implementing the program. Notwithstanding the delay in completing this review, mainly related to a difficult approval process of the 2016 budget and political tensions culminating in a change in government in April 2016, important policy measures have been taken since the last review. This includes a sizable fiscal adjustment; a successful completion of the debt operation with private bondholders; the increase in gas and heating tariffs to full cost recovery; and decisive steps to rehabilitate the banking system. However, progress in tackling corruption, privatizing state-owned enterprises (SOEs), and advancing pension reform has been slower than envisaged against significant political resistance.
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Other editions
-
- 2016-07-21
- 38 pages
- Paperback
- International Monetary Fund
-
- 1997-02-19
- 312 pages
- Paperback
- International Monetary Fund
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