Archive 2002

  • Monthly Economic Monitor Ukraine No.9 (23)

    • President Leonid Kuchma admitted that Ukraineís political system needs to convert from the present presidential-parliamentary republic to parliamentary-presidential one.
    • The IMF announced that the last tranche of the Extended Fund Facility Program, ending on September 3, 2002, will not be disbursed due to fiscal problems.
    • The privatisation of Ukrtelecom was postponed until 2003.
    • The Cabinet of Ministers approved conditions of selling stakes in nine regional energy distribution companies (oblenergos), but unsolved issues with oblenergo debts hinder their privatisation.
    • The Ministry of Finance introduced a temporary UAH 2 bn budget expenditures cut for August and September.
    • he new NBU decree on long-term refinancing of commercial banks for investment projects crediting endangers monetary stability in the country and could intensify "rent seeking" activities.
    • Restructuring of the privately held external debt is to be finished with the issue of USD 250 m eurobonds due in 2007.
    Issue:  No.9 (23) September 2002
    Attached file  (122.5 kb)
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