Section: Peterson Institute for International Economics (USA)
Boris Johnson Enters Democracy’s Twilight Zone
British Prime Minister Boris Johnson’s power grab, in which he has suspended the UK Parliament for five weeks from September 9, 2019, has recklessly undermined democracy at a time of historic decision making on the future of the United Kingdom. Because of his actions, the parliament cannot formally… …read more Source:: Peterson...
Ukraine: Fantastically Corrupt
Ukraine is again failing to break away from its corrupt, oligarchic post-communist transition. The high hopes for reducing corruption after the Euromaidan revolution have faded, and the country is looking for new leadership in an unlikely place: Georgia. RealTime post by Simeon Djankov. …read more Source: Peterson Institute for...
Will Greece Follow Ukraine’s Gamble?
After months of patient negotiations with its creditors, the Ukrainian government decided to gamble on May 19—by passing a motion through parliament to impose a moratorium on paying international bondholders. This calculated measure was taken after talks with creditors bogged down earlier in May. RealTime post by Simeon Djankov. …read more...
Ukraine’s Bond Restructuring: Surgery, Conspiracy, and Campaign
Debt restructuring is the second largest source of outside financing for Ukraine’s new International Monetary Fund (IMF) program. The Fund itself brings $17.5 billion over four years; $9.6 billion comes from governments and other multilaterals (including Europe, the United States, and most recently, China), leaving $15.3 billion for the...
Russia’s Bond: It’s Official! (… and Private … and Anything Else It Wants to Be …)
Ukraine’s bond restructuring talks are in high gear, and, as ever, Russia is the trouble du jour. Not only is it threatening to hold out in the bond deal and take Ukraine to arbitration, Russia also seems poised to block International Monetary Fund (IMF) disbursements to Ukraine using an arcane Fund policy on “lending into...
Book Release Event: Ukraine: What Went Wrong and How to Fix It
Senior Fellow Anders Åslund presented the findings of his new book, “Ukraine: What Went Wrong and How to Fix It,” published by the Peterson Institute for International Economics and released on April 17, 2015. Ukraine’s Minister of Finance Natalie Jaresko and Minister of Economic Development and Trade Aivaras Abromavicius...
News Release: New Book on Ukraine Calls for Sweeping Political, Economic, and Government Reforms
Ukraine, facing an existential crisis after years of political, economic, and military turmoil, must undertake sweeping reforms to achieve prosperity and independence, according to a new book by Anders Åslund published by the Peterson Institute for International Economics. …read more Source: Peterson Institute for International...
Event: A Conversation with the IMF’s First Deputy Managing Director David Lipton on Ukraine
David Lipton, first deputy managing director of the International Monetary Fund, engages in a dynamic conversation about the situation in Ukraine. Event materials are available online. …read more Source: Peterson Institute for International...
When Should the IMF Make Exceptions? Part I
Ukraine won a reprieve from its economic and financial crisis on March 11, when the executive board of the International Monetary Fund (IMF) approved a $17.5 billion economic and financial support program, invoking the Fund’s policy of providing exceptional (abnormally large) access to IMF financial resources in extreme circumstances....
Will the Ukrainian Economy Collapse in 2015?
On March 11, the Executive Board of the International Monetary Fund (IMF) approved an Extended Fund Facility for Ukraine. This is the tenth IMF program with Ukraine since 1994, none of which have been completed. Op-ed by Anders Åslund. …read more Source: Peterson Institute for International...
