Contents tagged with GDP
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Russia considers using National Wealth Fund to finance defense industry
The funds in the Russian National Wealth Fund (NWF) should be used to give long-term and cheap loans to the defense industry, said Andrei Klepach, formerly the Russian deputy minister of economic development and currently an economist and vice chair of the board at Vnesheconombank (VEB).
“The government should provide the resource of long-term, cheap funds, which would enable us to solve the defense industry’s problems,” said Klepach. “In my understanding, the money in the National Wealth Fund …
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IMF: Ukraine lost 2 percent of its GDP due to corruption
In a speech at the 8th Annual Ukrainian Investment Forum on Friday, the Resident Representative of the International Monetary Fund (IMF) in Ukraine, Gösta Ljungman, said that Ukraine's losses due to corruption amount to 2% of GDP.
"In Ukraine, there is no genuine fight against corruption. Corruption costs Ukraine 2% of its economic growth, so the fight against it is an issue of economic prosperity," Ljungman said.
He stated that the next important step in this direction should be the creation …
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The war in the Donbas has deprived Ukraine of a fifth of its GDP
The Institute for Economics and Peace (IEP) in Sydney published the Global Peace Index 2017. According to it, Ukraine's economic losses from the conflict in the Donbas in 2016 amounted to 20.4% of the nation’s GDP. In other words, the economic cost of violence in the country is $66.7 billion according to the index of purchasing power.
As follows from the rating, Iceland is recognized as the most peace-loving country. New Zealand is a close second while Portugal took third place. Austria is …