Ukraine bonds fell to a record low last week, as the IMF found a $15 billion shortfall in the country’s budget, according to Bloomberg. The Financial Times also reported that Ukraine may need to “double its $17 billion emergency loan ‘within weeks’…
Emerging Market View: What Our Analysts Are Reading
This week, the Russian ruble slid while Russia and the Ukraine reached a gas deal. The ruble plunged a day after the currency’s biggest gain since 2003, and according to Bloomberg Businessweek, central bankers opted to raise the key interest rate…