Supporting households and businesses (ii) ensuring continued centralīank independence and a flexible exchange rate (iii) safeguardingįinancial stability while recovering the costs from bank resolutions Īnd (iv) moving forward with key governance and anti-corruption (i) mitigating the economic impact of the crisis, including by Policies under the new arrangement will focus on four priorities:
The new arrangement succeeds the 14-month SBA that was approved inĭecember 2018, which was focused on maintaining stability during the This has created large balance-of-payments Hard, with a sharp decline in revenues and large emergency spending The economy is projected to contract sharply in 2020 as strictĬontainment measures-in Ukraine and globally-led to sizable falls inĭomestic and external demand. Policies on containment and stabilization. Significantly worsened the outlook and has refocused government The outbreak of the COVID-19 pandemic has However, more reforms efforts are needed to ensure Ukraine’s track record in stabilizing the economy over the last 5 years Ukraine is well-poised to return to growth when the crisis ends. Payments and budget support, while safeguarding achievements to dateĪnd advancing a small set of key structural reforms, to ensure that To cope with COVID-19 pandemic challenges by providing balance of International Monetary Fund (IMF) approved today an 18-monthįor Ukraine, with access equivalent to SDR 3.6 billion (about US$5īillion or 179 percent of quota).
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