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Press Releases

TABLE-IMF's new GDP, CPI forecast for Russia and CIS

MOSCOW, April 13- The International Monetary Fund issued new forecast for gross domestic product and consumer price index late on Tuesday for Russia and the Commonwealth of Independent States. Below are the Fund's estimates:. GDP CPI 2016 2017 2016 2017 CIS -1.1 1.3 9.4 7.4 Russia -1.8 0.8 8.4 6.5 Armenia 1.9 2.5 2.6 4.0 Azerbaijan -3.0 1.0 12.8 9.5 Belarus -2.7...

Source: Reuters

FACTBOX-Foreign exchange regimes around the world

Denmark: A currency peg has been in place since the 1980 s. CIS: Pressure has mounted on fixed exchange rates in the nine-member bloc of ex-Soviet countries after Russia switched to a freely floating exchange rate in late 2014. Belarus, Kazakhstan and Azerbaijan followed suit in 2015. Moldova and Kyrgyzstan already have a float, while Tajikistan has what it calls...

Source: Reuters

INTERVIEW-S&P may cut oil countries' ratings to reflect "new reality"

The plunge in oil prices since mid-2014 has brought a blizzard of downgrades, including for Russia and Brazil, which have been stripped of investment grade, number one producer Saudi Arabia, and Venezuela, where the oil rout has raised fears of a sovereign default. "We had an important number of downgrades last year in Africa, the Middle East and the CIS, and if our...

Source: Reuters