01629cas a2200241 a 4500 AALejournalIMF005581 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451839159 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Ukraine : Stand-By Arrangement; Review Under the Emergency Financing Mechanism. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (13 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses key findings of the two-year Stand-By-Arrangement for Ukraine under the Emergency Financing Mechanism. Output growth is turning negative on the back of a large terms-of-trade shock and the ongoing credit crunch. The deterioration of the economic and financial situation is contributing to an increase in program implementation risks. Policy implementation is in line with the program. The authorities have introduced a flexible exchange rate regime, tightened monetary policy, and have taken measures to contain the 2008 government deficit. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2009/017 Full text available on IMF http://elibrary.imf.org/view/journals/002/2009/017/002.2009.issue-017-en.xml IMF e-Library