Make or Break for IMF Reform

You may have missed it amidst all the headlines from Ukraine, Russia and Brussels, but the White Houseannouncement on aid to Ukraine yesterday had an important commitment: “We are working with Congress to approve the 2010 IMF quota legislation, which would support the IMF’s capacity to lend additional resources to Ukraine, while also helping to preserve continued U.S. leadership within this important […]

Ukrainian Chess

By Peter Boone and Simon Johnson: U.S. Secretary of State John Kerry arrived in Kiev on Tuesday.  The Obama administration is feeling real pressure from across the political spectrum to “do something”, but the US has no military options and little by way of meaningful financial assistance it can offer to Ukraine.  The $1 billion in […]

Ukraine: Economy Matters

Value of the Ukrainian hryvnia against the dollar—closely watched by Ukrainians as an economic signal—has sharply depreciated due to recent turmoil in Kiev. (Source: Oanda.com) A deal that would end the violence in Ukraine appears to be holding. It would produce early elections, a return to the 2004 constitution, and a national unity government. It […]

Five Financial Questions for Ukraine

There is an interesting debate going on in Western capitals over financial support for Ukraine.  The possibility of political change, coupled with Russia’s decision to suspend disbursements on its $12 billion financial package, has created an opening for meaningful economic reforms and renewed ties with global financial bodies.  There are compelling political arguments for the West to […]

Russia Claims to be Close to Making a Deal with Ukraine

Russia has hinted that it is close to agreeing a deal with Ukraine to offer a loan and lower natural gas prices in an effort to help Kiev avoid an economic crisis, and keep the country under Moscow’s influence. Already opposition to Ukrainian President Viktor Yanukovich has begun to prepare another rally to protest against […]

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