Response to the Economic Crisis in Ukraine and the Medium-term Outlook

23  November 2009    5:00 pm CET

Ruslan Piontkivsky, World Bank, regional office Kiev


wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from the ground floor)


The presentation provides an overview of Ukraine's record to date in dealing with the current economic crisis. Pre-crisis vulnerabilities of Ukraine are discussed as well as main channels through which the global financial and economic crisis affected the economy. The response to the crisis by Ukrainian authorities and the role of the International Financial Institutions, focusing on the World Bank assistance, are explored. The talk concludes with the presentation of the World Bank's current medium-term outlook for the economy, highlighting both the factors of macroeconomic stabilization and remaining structural reform challenges to facilitate the recovery.