Ukraine : First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement; Staff Report; Staff Supplement; Press Release on the Executive Board Discussion.

Ukraine's economic downturn has been sharper than originally envisaged, mostly reflecting the deterioration of the external environment. The staff report examines Ukraine's first review under the Stand-By Arrangement, requests for Waivers of Nonobservance of Performance Criteria, and Repha...

Полное описание

Библиографические подробности
Соавтор: International Monetary Fund
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2009.
Серии:IMF Staff Country Reports; Country Report ; No. 2009/173
Online-ссылка:Full text available on IMF
Описание
Итог:Ukraine's economic downturn has been sharper than originally envisaged, mostly reflecting the deterioration of the external environment. The staff report examines Ukraine's first review under the Stand-By Arrangement, requests for Waivers of Nonobservance of Performance Criteria, and Rephasing of Purchases Under the Arrangement. A flexible exchange rate policy, supported by base money targets and a transparent intervention strategy, remains a key component of the program. Given balance sheet effects associated with unhedged foreign currency borrowing, the central bank stands ready to take action to avoid excessive exchange rate depreciation.
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Объем:1 online resource (76 pages)
Формат:Mode of access: Internet
ISSN:1934-7685
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