러시아ㆍ유라시아

The economy is on a moderately paced recovery path. Economic output expanded by 2.5 per cent in 2017, with domestic demand as the main driver, and the pace of growth has picked up so far in 2018.

Progress in the legislative reform agenda has been mixed. The parliament has adopted a number of milestone laws, including on establishment of an anti-corruption court, privatisation, currency and currency operations, corporate governance in state-owned banks, and creditors’ rights protection. These legislative changes, however, have yet to yield tangible results.

Cooperation with the IMF is to be extended under a different arrangement. If approved and duly implemented, the new 14-month Stand-By Arrangement will help to address Ukraine’s external financing needs and maintain macroeconomic stability during the programme period.