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Ukraine made little progress under Stand-By program, IMF reports
Journal Staff Report

KIEV, Nov. 18 – The International Monetary Fund's 2008 exceptional access Stand-By Arrangement for Ukraine met some short-term goals but made little progress in meeting medium-term objective: there was no major shift in policy making and politically motivated economic considerations continue to drive policy making in Ukraine, according to IMF experts.

"The key lesson from the Ex Post Evaluation (EPE) [of exceptional access under the 2008 SBA] review is the importance of ownership and governance, but there are no clear-cut answers on how to achieve this in Ukraine," reads a report published by the IMF on Friday.




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