International Monetary Fund (IMF)

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IMF to help Ukraine with currency rate

IMF to help Ukraine with currency rate

The IMF mission that has arrived in Kiev will help the National Bank of Ukraine with the currency policy, Ukrainian Prime Minister Arseniy Yatsenyuk said. Sergey Ponomarenko, the head of the bank's section for currency operations and analysis of financial markets, reminded that the auction had strengthened the hryvnia, TASS reports.In his words, Wednesday was the first day that the hryvnia had stopped losing value.

IMF calls for Russian sanctions to be lifted

 IMF calls for Russian sanctions to be lifted An official part of the annual meeting of the IMF and the World Bank has ended in Washington. The experts of the fund made ​​a recommendation to the West and Russia to lift the …

Ukrainian forecasts

Ukrainian forecasts

Kiev expects to gain gas independence from Russia and obtain weapons in West

Vladislav Ginko: “The IMF won’t save the hryvnia”

Vladislav Ginko: “The IMF won’t save the hryvnia”

 Vladislav Ginko, an economist, an employee of the Institute of Natural Monopoly Economics of RASHGS, is sure that the second tranche of IMF financial aid won’t save the hryvnia, as its exchange rates have fallen to a critical …

Dr. Jack Rasmus: “There will be a settlement in the Ukraine crisis before winter”

Dr. Jack Rasmus: “There will be a settlement in the Ukraine crisis before winter”

By Vestnik KavkazaThe President of the U.S. and the Chancellor of Germany believe that the U.S. and the EU should consider the possibility of launching additional sanctions against Russia due to the situation in Ukraine, according to the press service of the White House. Dr. Jack Rasmus, Professor of Political Economy at St. Marys College, Moraga, CA, told Vestnik Kavkaza how the Western sanctions affect Russia and Russian counter-sanctions affect the West.  

Georgian gold reserves drop to $2.5 billion

Georgian gold reserves drop to $2.5 billion

According to the Georgian National Bank, the gold reserves have recently dropped from $3.05 billion to $2.5 billion (18%). Gold mining has been dropping from year to year. Georgian gold reserves increased greatly after the five-day war of 2008. The IMF, World Bank, European Bank and different funds granted Georgia $4.5 billion, mostly in the form of grants and long-term low-interest loans, to fill reserves and strengthen the lari. Gold reserves have been dropping ever since.

World press on sanctions against Russia (August 4, 2014)

 World press on sanctions against Russia (August 4, 2014)"Russia Scoffs At Sanctions, But Economy Feeling The Pain" is an article which featured today in Forbes. "The latest sanctions are the most punishing since. And while Russian …