European Space - Portal for Pro-European Civil Society of Ukraine

11-02-2015

Ukraine | Economic Issues | Analytics

Its not just Russia: Currency crisis in the Commonwealth of independent states

by Marek Dabrowski / Bruegel

Its not just Russia: Currency crisis in the Commonwealth of independent states

The crisis requires a proper policy response from CIS governments, the International Monetary Fund and the EU. The Russian-Ukrainian conflict in Donbass requires rapid resolution, as the first step to return Russia to the mainstream of global economic and political cooperation. Beyond that, both Russia and Ukraine need deep structural and institutional reforms. The EU should deepen economic ties with those CIS countries that are interested in a closer relationship with Europe. The IMF should provide additional assistance to those CIS countries that have become victims of a new regional contagion, while preparing for the possibility of more emerging-market crises arising from slower growth, the stronger dollar and lower commodity price

 

 

pc_2015_01_CIS_.pdf



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