In 1991 the Soviet Union broke apart and created 15 independent countries. But over the last three decades, while these countries are politically independent, the economies of Russia, Ukraine, Belarus and Kazakhstan (KRUB) remain joined at the hip.
Country’s new leader Tokayev has introduced spending and reforms after a first year marred by unrest on the streets. Behind-the-scenes power dynamics remain in flux. Drive to expand non-oil growth continues.
Officials act amid market uncertainty after hired advisers say they should wait on valuations to improve.
Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing
Without question, rising debt levels have supported global growth since the 2008 financial crisis. However, there are increasing questions about the marginal utility of further borrowing—and a lot of concern that a continued ramp-up in debt could sp