The mission, which usually arrives once a year, is expected to analyze the state budget for 2013, the currency exchange rate and policies in key sectors such as utilities.
The IMF, as one of Ukraine’s key external auditors, constantly monitors the economy, focusing on “whether there are risks to domestic and global stability that argue for adjustments in economic or financial policies,” said Olga Stankova, the fund’s spokesperson in Ukraine. “Discussions mainly focus on the exchange rate, monetary, fiscal and financial policies.”
In between missions, IMF economists regularly produce working papers that analyze various sectors of Ukraine’s economy. They also use research by other international organizations and Ukrainian scholars, such as the National Academy of Sciences of Ukraine. The IMF also works with big consulting and audit companies. For example, in 2011 Ernst & Young audited the finances of Naftogaz, the national oil and gas company.