Ukraine Flash Notes

The Non-told Story

September 8, 2015Hernán Yellati & Guillermo Quiroga

Conflict in eastern-Ukraine is affecting the social development, bringing violence to the society. The government could be losing its ability to control social damage of the conflict, failing also to carry on good policies to avoid it. The debt agreement

Ukraine Flash Notes

Time is Running Out

August 4, 2015Hernan Yellati & Guillermo Quiroga

A key meeting between Ukraine and its creditors will take place on Thursday in London Donbas conflict escalated on Monday night, and it seems like it won’t end anytime soon IMF said that the Ukrainian economy remains fragile, but with

Ukraine Flash Notes

The Long Awaited Progress

July 16, 2015Guillermo Quiroga & Hernan Yellati

Ukraine-Creditors debt talks are having good results so far The Parliament approved several IMF-required laws to secure the next bailout disbursements The Parliament also approves a Minsk-Agreement-required law to achieve a sound peace process Washington debt talks between Ukraine’s Finance

Ukraine Flash Notes

Ukraine: At the edge of the cliff

February 4, 2015Hernan Yellati & Guillermo Quiroga

The conflict in the Donbas is dragging Ukraine to an economic and political crisis Without an active support of the West, the country may have serious difficulties this year Given the conflict escalation, we move to Underweight on Ukrainian debt

Ukraine Flash Notes

A new cabinet and a new cease-fire

December 3, 2014Hernan Yellati & Guillermo Quiroga

The government selected the cabinet with surprises in Finance and Economy ministries… …now the next step would be to implement reforms, but we remain cautious A new cease-fire agreement was reached in Luhansk region, but making it last will be

  • Tuesday, January 16 2018


    - Yesterday the President Nicolas Maduro gave its yearly speech which should be something close to the state of the union and that according to the constitution should be presented in front of the National Assembly. However, this year and arguing the illegality of the National Assembly, the decision was to give his speech in front of the National Constituent Assembly. In detail, more than a state of the union this was one of the usual speech of the President with not much data to collect. Among

  • Monday, January 15 2018


    - The dialogue meeting held in the Dominican Republic between members of the opposition and the government last weekend culminated again without any results. International mediators indicated that although some agreements were reached, several points remain pending and both parties will meet again this Thursday, January 18. In our opinion, it was expected that results would not be achieved,as we have been saying we believe that the most likely to happen is that the negotiation rounds will culmin

  • Friday, January 12 2018


    - The National Electoral Council (CNE in Spanish) announced that it has approved the schedule for the validation of political parties that did not participate in the last municipal elections which it will take place on 27 and 28 of January. The process will be carried out to comply with the order of the National Constituent Assembly (ANC), which has as its sole purpose to be another obstacle for the opposition. We believe that at the moment the attention is focused on the negotiations in the Dom

  • Thursday, January 11 2018


    - The situation regarding Venezuela’s debt with Brazil received yesterday two mixed updates, as the Brazilian Ministry of Finance reported that the first paid an old debt but that it is still in arrears with another payment. In detail, the ministry informed that Venezuela paid USD262.5mn – corresponding to the May-August period of 2017 – on 5 January as part of their commitments under the Reciprocal Credit and Payments Agreement (CCR), which is part of the benefits of the Latin American In


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