Read Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine

Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine

International Monetary Fund European Department

4.9/5 (14063 ratings)

Description:KEY ISSUES Context: Weak external demand and inconsistent macroeconomic policies have contributed to a prolonged economic recession. A combination of an effectively pegged exchange rate, loose fiscal policy, and sizable quasi-fiscal losses in the energy sector has pushed the fiscal and external current account deficits to very high levels. A gradual depletion of international reserves and other buffers is making the economy particularly vulnerable to external shocks. Outlook and risks: A modest economic recovery should commence in late 2013. However, a difficult business climate and impaired external competitiveness are weighing on the medium-term outlook. The current policy mix is not sustainable as it generates large imbalances and depresses growth. The risk of a costly market-forced adjustment is high. Main policy recommendations: * Allow the exchange rate to adjust to its equilibrium level and increase its flexibility. Accelerate preparations for the introduction of inflation targeting. * Strengthen the financial system's resilience to shocks, including by developing comprehensive contingency plans to cover potential capital and liquidity shortfalls under various scenarios. * Curtail the fiscal deficit through a reform-based current expenditure consolidation and the cancelation of unaffordable tax cuts. * Reduce the quasi-fiscal losses in the energy sector by increasing the very low household gas and heating tariffs in the context of a comprehensive energy sector reform plan, while protecting the most vulnerable households. * Launch broad structural and governance reforms to improve the business climate and boost sustainable growth.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine. To get started finding Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2014

ISBN: 1498393381

Description: KEY ISSUES Context: Weak external demand and inconsistent macroeconomic policies have contributed to a prolonged economic recession. A combination of an effectively pegged exchange rate, loose fiscal policy, and sizable quasi-fiscal losses in the energy sector has pushed the fiscal and external current account deficits to very high levels. A gradual depletion of international reserves and other buffers is making the economy particularly vulnerable to external shocks. Outlook and risks: A modest economic recovery should commence in late 2013. However, a difficult business climate and impaired external competitiveness are weighing on the medium-term outlook. The current policy mix is not sustainable as it generates large imbalances and depresses growth. The risk of a costly market-forced adjustment is high. Main policy recommendations: * Allow the exchange rate to adjust to its equilibrium level and increase its flexibility. Accelerate preparations for the introduction of inflation targeting. * Strengthen the financial system's resilience to shocks, including by developing comprehensive contingency plans to cover potential capital and liquidity shortfalls under various scenarios. * Curtail the fiscal deficit through a reform-based current expenditure consolidation and the cancelation of unaffordable tax cuts. * Reduce the quasi-fiscal losses in the energy sector by increasing the very low household gas and heating tariffs in the context of a comprehensive energy sector reform plan, while protecting the most vulnerable households. * Launch broad structural and governance reforms to improve the business climate and boost sustainable growth.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine. To get started finding Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine

Ukraine: 2013 Article IV Consultation and First Post-Program Monitoring-Staff Report; Press Release; And Statement by the Executive Director for Ukraine

More Books

Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe (International Monetary Fund European Department)

Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe (International Monetary Fund European Department)

Slovak Republic

Slovak Republic

Denmark: 2014 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for Denmark

Denmark: 2014 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for Denmark

Republic of Moldova: Poverty Reduction Strategy Paper

Republic of Moldova: Poverty Reduction Strategy Paper

Republic of Serbia: First Review Under the Stand-By Arrangement-Press Release and Staff Report

Republic of Serbia: First Review Under the Stand-By Arrangement-Press Release and Staff Report

Republic of Lithuania: 2015 Article IV Consultation-Press Release; And Staff Report

Republic of Lithuania: 2015 Article IV Consultation-Press Release; And Staff Report

Bulgaria

Bulgaria

Regional Economic Outlook, October 2020, Europe

Regional Economic Outlook, October 2020, Europe

Regional Economic Outlook, October 2019, Europe

Regional Economic Outlook, October 2019, Europe