US imposes new sanctions on Syria over suspected chemical attackWorld April 24, 21:23
Russian businessman plans to build sailplane to fly around the globe nonstop in 5 daysScience & Space April 24, 19:50
Roscosmos excludes three cosmonauts from space teamScience & Space April 24, 19:34
Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
MOSCOW, January 13. / TASS / Former IMF chief economist and Harvard Professor Kenneth Rogoff said that he will not be surprised at the lowering of the S&P rating for Russia from BBB-to BB+.
“This shouldn’t be something shocking, that there is a downgrade, given the situation here. Not surprising. There are no easy moves, but there’s hope that things will get better,” Rogoff said in an exclusive interview with TASS.
He did not specify when the rating downgrade could take place.
Rogoff also added the economic situation in Russia has to be considered as a whole and “not just the explicit government debt, but also what is implicit through the banking system.”
Ukraine has a lot of financial problems, former IMF chief economist and Harvard professor Kenneth Rogoff said in an exclusive interview with TASS on Tuesday.
“[Ukraine] had a lot of difficulties before the crisis and they have a lot of problems now. They were in multiple IMF programs and were struggling to meet the conditions before and everything is harder now,“ said Rogoff.
In April of 2014, the IMF announced a decision to provide Ukraine with $17 billion in several tranches. So far, the program has allocated $8.2 billion. At the end of 2014, Ukrainian President Petro Poroshenko called on the IMF to consider increasing its funding for Ukraine. An IMF mission has been working in the country since early January of this year.