Zimin Foundation: Science at the heart of our philanthropic efforts

Boris Zimin of the Zimin Foundation in Moscow December 2, 2019

On November 21, some of Russia’s top writers, journalists, academics, scientists and publishers gathered in Moscow for the annual “Enlightenment Prize”. The purpose of the annual Prize is to support Russian scientists and science journalists

COMMENT: Turning Ukraine's ship of state around

Eric Hontz senior programme officer Europe and Eurasia at the Center for International Private Enterprise (CIPE) in Kyiv November 27, 2019

I recently watched more than 30 new members of Ukraine’s parliament give up their precious time off to spend hours in a windowless room in Kyiv to learn more about the development of the rule of law, market institutions, and policy.

TURKEY INSIGHT: Erdogan extends swap deal with Qatar to $5bn

Akin Nazli in Belgrade November 26, 2019

Turkish president, under pressure to secure capital inflows, also returns to old appeals to “patriotic” Turks to dump foreign currencies. Potential nemesis Imamoglu, meanwhile, has been getting friendly with global financiers.

IMF Blog: Frontier market borrowing binge

International Monetary Fund November 25, 2019

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

COMMENT: Delivering for Dushanbe, now is the time to open the country

Eric Hontz Senior Program Officer Europe and Eurasia at the Center for International Private Enterprise (CIPE) in Dushanbe November 22, 2019

Walking down Rudaki Avenue, in the heart of the Tajik capital of Dushanbe the roads have been fixed, but there are few people on the street and even fewer businesses

IIF: Game of loans, debt at record highs, climate concerns to drive up cost of borrowing further

Institute of International Finance November 22, 2019

​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

COMMENT: Romania’s achievements and challenges. Quo vadis?

Alexandru M. Tanase in London November 19, 2019

30 years after Romania started its post-socialist transition, there are many urgent tasks ahead. Most likely another three decades will be needed to rebalance the macroeconomic disequilibria and put things right.

TURKEY INSIGHT: EBRD encourages investors ‘in’ with eurobond buy while market anomalies say stay ‘out’

Akin Nazli in Belgrade November 18, 2019

As another economically distressed family commits collective cyanide suicide, the question running through all this market movement has to be: Is this regime built to last?

ALACO DISPATCHES: Sarajevo’s balancing act

Pierre le Jeune d'Allegeershecque of Alaco November 18, 2019

Bosnia offers cheap and vibrant nightlife for European partygoers — plus Sharia-compliant luxury resorts for Gulf travellers. Its success as a tourist destination will depend on how well it manages a delicate balancing act between the two.

TURKEY INSIGHT: Base effect delivers industrial growth after year of decline but official data continues to bewilder

Akin Nazli in Belgrade November 14, 2019

Import compression is over. Officials are turbo-charging GDP. Lira is held in ‘dirty float’. Turks insist inflation is still high. Authorities are telling them they're wrong. Economics anoraks shouldn't miss an episode of the Erdogan experiment.

IIF: 2020 the climate super-year

Institute of International Finance November 11, 2019

The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.

IMF ups the ante, demands government try and recover $15bn stolen from banks

Robert Homans in Los Angeles November 9, 2019

During the bank sector reform more than $15bn was stolen by the owners, including $7.6bn stolen by oligarch Ihor Kolomoisky from Privatbank. The IMF has demanded the government tries to recover some of this before granting a new deal.