Tag "VTB Bank"
Finance
Sub-Saharan Africa
Mozambique on course for default
After the revelation of hidden debts, the IMF has suspended its emergency aid to Mozambique, and the country is now on course for defaulting on its national debt.
Economics
South and Central Asia
Taking Crimea may throw Russia into recession
Russian leaders may celebrate annexing Crimea, but it will cost the Russian economy. Already weak, this latest move threatens to send the country into recession. Following the successful referendum on Crimean independence and