Iran: Accord Reached, Critiques Commence

A deal setting out the framework of a historic accord between Iran and the P5+1 has been agreed upon in Switzerland. While the final agreement has not been signed and negotiations are expected to go on until the end of June with that end in mind, the initial reaction was optimistic. The presidents of Iran…

Ukraine: IMF bailout program approved

The IMF has agreed to funnel some $10 billion in additional assistance funds into Ukraine’s economy as part of a larger four year bailout program. The fund’s board approved a $17.5 billion loan with tranche payments of some $5 billion next week and the other $5 in the next month for Ukraine to borrow against.…

Ukraine: Central Bank to Raise Refinancing Benchmark

The Ukrainian central bank will raise its benchmark refinancing rate to 30%, a more than 10% increase of the current rate of 19.5%. The bank taking this step has been expected, as inflation rates are increasing rapidly and the hryvnia has lost nearly half of its value during 2015. The move by the central bank…

Ukraine: Bond Prices Reach Record Low Amid Risk of Default

Ukrainian bonds have dropped to record lows over concerns that Kiev may default on debts this year. The Financial Times, in collaboration with the International Monetary Fund, recently released a tool that demonstrates the concerning state of Ukraine’s economy, leaving few hopeful that the conflicted nation will be able to make ongoing debt payments despite…