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ID: 138219

Russian economy: resilience but for how long? / Gilman, Martin

Gilman, Martin	Article
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In recent weeks, an increasing number of analysts and commentators have been referring to an actual or looming economic crisis in Russia. Many compare recent developments, and especially the likelihood of a further deterioration this year, with the Russia economic crisis of August 1998. This comparison is exaggerated at best. It also distracts from the real issue that threatens the country's future economic prospects.

Key Words

GDP ; Economic Management ; Resilience ; Russian Economy ; Economic Crisis in Russia ; CBR

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ID: 146263

Towards a segmented world order? / Gilman, Martin

Gilman, Martin	Journal Article
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Late last year the IMF decided upon a seemingly technical policy change that would allow it to continue to lend in support of a country's economic program even when there are unresolved debt arrears owed to official creditors. In doing so, the decision overturned one of the policy pillars of IMF doctrine. For decades the IMF's earlier stance, working in close cooperation with the Paris Club of official creditors, served to resolve debt issues by facilitating a timely agreement aiming to provide debt sustainability to the debtor country and financing assurances to the IMF.

Key Words

World Order ; Russia ; Ukraine ; IMF Rule Revision ; Debt Dispute

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