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

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/050

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Ukraine.

International Monetary Fund.

Banks and banking--Ukraine.

Banks and banking.

Monetary policy--Ukraine.

Monetary policy.

Physical Description:

1 online resource (74 p.)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

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.

Contents:

Cover; Contents; Glossary; Executive Summary; I. Introduction; II. Background; Text Boxes; 1. Reactions to IMF Advice; Figures; 1. Indicators of Real Activity, 2001-06; 2. Indicators of Inflation, 2001-06; 3. Terms-of-Trade and Energy Dependence Indicators; 4. Current and Capital Account Indicators, 2001-06; 5. Indicators of External Competitiveness, 1995-2006; 6. Indicators of Fiscal Policy, 1999-2006; 2. Ukraine's Lost Savings Problem; 7. Monetary Policy Indicators, 2004-06; 8. Indicators of Banking Sector Risks, 2001-06; 9. Financial Market Development Indicators

III. Report on the DiscussionsA. Macroeconomic Outlook; 10. External Terms of Trade, 2001-11; 11. Macroeconomic Prospects Under Alternative Scenarios; B. What Monetary Framework for Ukraine?; C. What Should be Done to Contain Banking-Sector Vulnerabilities?; D. Is Ukraine's Fiscal Framework Adequate?; 3. Foreign Currency-Induced Credit Risk: A Sensitivity Analysis; E. How Can Ukraine Catch Up with its More Advanced Transition Peers?; 12. Potential Output and Structural Reforms; IV. Staff Appraisal; Tables; 1. Structural Reforms: Progress Report

2. Selected Economic and Social Indicators, 2003-073. Medium-Term Balance of Payments, 2003-11; 4. Selected Vulnerability Indicators, 2002-06; 5. General Government Finances, 2004-07; 6. Monetary Accounts, 2003-07; 7. Financial Soundness Indicators for the Banking Sector, 2002-06; 8. Medium-Term Macroeconomic Framework, Authorities' Policies; 9. Medium-Term Macroeconomic Framework, Recommended Policies; 10. Moving to Inflation Targeting: Progress Report; 11. Millennium Development Goals; Appendices; I. Debt Sustainability Analysis; II. Fund Relations; III. Relations with the World Bank

IV. Relations with the EBRDV. Statistical Issues

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

Description based on print version record.

ISBN:

9786613872401

9781462396696

1462396690

9781452784243

1452784248

9781283559959

1283559951

9781452786056

1452786054

OCLC:

876511624