Modern Cooperation Between Ukraine and the IMF: Dynamics, Trends and Problems

Galina Myskiv, Lyubov Нalkiv

Abstract


Purpose –The paper considers and analyzes IMF’s credit activity in Ukraine in the years 1994–2016.
Methodology – To achieve this, the analysis of data presented in the  period 1994–2016 at IMF official website, the Ministry of Finance of Ukraine and the National Bank was undertaken. Some key documents of IMF were also taken into consideration.
Findings – The authors examined the indicators of lending activity between the IMF and Ukraine and identified the positive and negative impact of it on the national economy. In addition, the authors emphasize the problems that accompany loans for Ukraine and propose the ways to increase efficiency
Originality/Value – The paper presents role of  IMF in  effective development of the country, potential opportunities and threats, and emerging trends.
Paper classification – Research paper.

Keywords


credit, credit program, IMF, foreign creditors, economy

Full Text:

PDF

References


Condition of Ukraine’s Economy. Cabinet of Ministers of Ukraine. Retrieved February 4, 2015 from: http://www.kmu.gov.ua/control/ uk/publish/article?art_id=247169548

International rating agency Fitch Ratings confirmed the CCC. Retrieved November 6, 2016 from: http://tsn.ua/groshi/fitch-pidtverdilo-dovgostrokoviy-reyting-ukrayini-na-rivni-sss-cherez-vidsutnist-progresu-v-reformah-648217.html

Official website of the IMF. Retrieved November 6, 2016 from: http://www.imf.org/external/np/ fin/tad/extrans1.aspx?memberKey1=993&endDate=2014-12-12&finposition _flag=YES

Press Release: IMF Executive Board Approves 2-Year US$17.01 Billion Stand-By Arrangement for Ukraine, US$3.19 Billion for immediate Disbursement14/189. Retrieved April 30, 2014 from: http://www.imf.org/external/np/sec/pr/2014/pr14189.htm

Press Release: IMF Executive Board Approves 4-Year US$17.5 Billion Extended Fund Facility for Ukraine, US$5 Billion for Immediate Disbursement. No. 15/107. Retrieved March 11, 2015 from: ttp://www.imf.org/external/np/sec/pr/2015/pr15107.htm

Regarding the improvement of Ukraine and the IMF – World Bank. Policy Brief. The National Institute for Strategic Studies under the President of Ukraine. Retrieved from: http://www.niss.gov.ua/articles/1601

State debt of Ukraine. Retrieved December 3, 2016 from: http://cost.ua/budget/debt

Stiglitz, J. E. (2002). Globalization and Its Discontents, W.W. Norton, New York, р. 132.

Ukraina: Lyst pro namiry (Ukraine: Letter of Intent). National Bank of Ukraine. Retrieved November 25, 2016 from: http://www.bank.gov.ua/doccatalog/document?id=20163929

Vidomosti Verkhovna Rada of Ukraine (1992). About Ukraine’s accession to the International Monetary Fund, the International Bank for Reconstruction and Development, International Finance Corporation, the International Development Association and the Multilateral Investment Guarantee Agency. Law of Ukraine, 3 June, № 2402-XII// (VVR), No. 33, р. 474.




DOI: http://dx.doi.org/10.17951/ijsr.2016.5.0.155
Date of publication: 2017-05-23 10:49:45
Date of submission: 2017-05-23 10:46:54


Statistics


Total abstract view - 1349
Downloads (from 2020-06-17) - PDF - 0

Indicators



Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Galina Myskiv, Lyubov Нalkiv

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.