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New issue of economic monitoring

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The recent parliamentary improvements and seemingly stabilized economic situation have surely created a positive impression to the IMF mission in Ukraine. Indeed, the authorities managed to control hryvnia depreciation. Besides, the Cabinet took several positive steps in fiscal policy. All that progress made it possible for the Fund to accept 4% GDP budget deficit, and to agree to the use of IMF funds to finance the fiscal gap. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.

Summary of Economic Overview

 

May 18, 2009