IMF intends to start closer monitoring of Ukraine due to its outstanding credit:
"The Executive Board of the International Monetary Fund has decided that Ukraine is expected to engage in post-program monitoring with the Fund, following the expiration on December 27, 2012 of the Stand-By Arrangement (SBA).
The Board passed this decision on July 26 on a lapse-of-time basis without convening formal discussions, reads a press release posted on the Fund's Web site.
The central objective of post-program monitoring (PPM) is to provide for closer monitoring of the policies of members that have substantial Fund credit outstanding following the expiration of their arrangements. Under PPM, members undertake more frequent formal consultation with the Fund than is the case under surveillance, with a particular focus on macroeconomic and structural policies that have a bearing on external viability."
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