2015

2014

ARGENTINE GOVERNOR MAY FURTHER DILUTE CENTRAL BANK INDEPENDENCE

ARGENTINE GOVERNOR MAY FURTHER DILUTE CENTRAL BANK INDEPENDENCE

Newsmakers | Argentina
Argentine president Cristina Fernández de Kirchner in early October triggered the resignation of the head of the country’s central bank, Juan Carlos Fabrega, by criticizing him for not reducing manipulation of the country’s currency. His replacement, Alejandro Vanoli, formerly the head of the country’s securities regulator, CNV, doesn’t look likely to set Argentina on a better path.

Zimbabwe: Mugabe Woos Foreign Investors

Zimbabwe: Mugabe Woos Foreign Investors

Zimbabwe president Robert Mugabe is one of Africa’s last old-school dictators. But he’s proving that he may be able to change—for the better. In the decade ending in 2008, Zimbabwe’s economy shrank at an annual rate of 6.1%. Then, in 2009, the country adopted the US dollar. Since then, growth has averaged nearly 8% per year...

2013

Russia: Arrest In 'Potash War'

EMERGING MARKETS ROUNDUP   By Kim Iskyan   Russian potash giant Uralkali in late July unexpectedly withdrew from an export delivery arrangement with Belarus Potash, the marketing agent for the Russian company and for Belaruskali, the Belarus national potash company. ...

Emerging Markets Roundup: Russia

PUTIN NIXES CALLS FOR POLITICAL REFORM   By Kim Iskyan   During his annual state-of-the-union address in mid-December, president Vladimir Putin focused on social spending priorities, including raising salaries for teachers, doctors and other professionals.   He also underscored the need ...

2012

Emerging Markets Roundup: Russia

GOVERNMENT SOFTENS STANCE ON LEBEDEV PRISON TERM By Kim Iskyan A local court reduced the prison term of Platon Lebedev, the business partner of jailed former oil oligarch Mikhail Khodorkovsky, in what some analysts interpreted as a slight moderation of ...

Emerging Markets Roundup: Russia

PRIVATIZATION PLAN COULD STUMBLE BEFORE LEAVING THE GATE   By Kim Iskyan   In early June, Russia's largest bank, Sberbank, agreed to buy DenizBank of Turkey from French-Belgian lender Dexia, for $3.5 billion. The deal marked Sberbank's second-largest transaction in recent ...

Emerging Markets Roundup: Russia

GROWING POLITICAL UNCERTAINTY HITS RATINGS OUTLOOK   By Kim Iskyan   In mid-January, ratings agency Fitch cut its outlook on Russia from positive to stable, citing increased domestic political uncertainty and potential damage to the Russian economy from deterioration in ...

2011

Hopes For Era Of Stability In Kyrgyzstan

MILESTONES: KYRGYZSTAN   By Kim Iskyan   Late October’s landslide victory of incumbent prime minister Almazbek Atambayev as the new president of Kyrgyzstan may bring a modicum of stability to the country’s tumultuous domestic political environment.   Atambayev may favor ...

Emerging Markets Roundup: Russia

THRESHOLD RISES FOR FOREIGN INVESTMENT IN THE NATURAL RESOURCE SECTOR   By Kim Iskyan   Russia’s parliament is set to approve long-awaited amendments to legislation on foreign investment in certain strategic sectors.   Easing requirements for natural resources investment The ...

Kudrin’s Shoes Will Be Hard To Fill

NEWSMAKERS: RUSSIA   By Kim Iskyan   Investors have long viewed Russian finance minister Alexei Kudrin as the country’s second-most-important policymaker—and the primary reason for the dramatic turnaround in Russia’s macroeconomic position over the past decade.   Alexei Kudrin refuses ...

Emerging Markets Roundup: Russia

PRIVATIZATION PLANS MAY GROW   By Kim Iskyan   Putin ally Valentina Matviyenko became the speaker of the Federation Council in Russia’s national parliament.   Oil producer Rosneft may be fully privatized Governor of St. Petersburg and longtime Putin ally Valentina ...

Kulibayev Front-Runner In Kazakhstan Succession

NEWSMAKERS: KAZAKHSTAN   By Kim Iskyan   Talk of who might replace Kazakhstan’s president Nursultan Nazarbayev—who has ruled the oil-rich Central Asian country since 1989—has long been taboo in the country’s political circles.   With Nazarbayev’s blessing Succession uncertainty has ...

Country Report: Russia

THREATENING THE ECONOMIC RENAISSANCE   By Kim Iskyan   Political uncertainty and continued dependence on oil exports are casting a pall over growth prospects in Russia.   On the surface, Russia looks to be on the rebound. The macroeconomic situation ...

Russia: Kremlin Easing Investment Restrictions

MILESTONES: RUSSIA   By Kim Iskyan   A handful of impressive high-profile deals, coupled with signs that restrictions on foreign investment in Russia’s natural resources sector may soon be relaxed, suggest the Russian government may be dropping its long-standing resistance ...