According to the International Monetary Fund (IMF), this agreement has reduced Ukraine's financing needs for the next four years by no less than $15 billion. This is a huge achievement for Ukraine's government, and Kyiv managed to accomplish this without having to impose a moratorium on debt repayment.
International community must keep up pressure to ensure this agreement sticks, says Atlantic Council’s J. Peter PhamThe international community must keep up its pressure on rival sides in South Sudan if it wants to ensure the success of a peace agreement President Salva Kiir reluctantly signed August 26, says the Atlantic Council’s J. Peter Pham.
Kiir and his former Vice President, Riek Machar, have signed more than half a dozen peace deals since a falling out that has plunged the world’s youngest nation into a civil war for the past twenty months. Each and every time the ceasefire has fallen apart faster than it took to put together.
On August 26, Kiir signed the latest peace agreement, but in a sign that does not bode well for the future of the deal complained that he has reservations about its terms. He had earlier refused to sign the deal, while Machar did so by the August 17 deadline set by international mediators.
The current escalation indicates Russian discontent with Ukraine's refusal to make unilateral concessions such as allowing the creation of a demilitarized zone in Shyrokyne near the city of Mariupol without reliable guarantees that Russian-backed separatists won't take back this area after Ukrainian forces withdraw.
To stave off disaster, the International Monetary Fund and other western donors agreed to a $40 billion rescue package for Kyiv earlier this year. The IMF expects $15 billion of it to come from the restructuring of Ukraine's international bonds—meaning that Kyiv must cajole its foreign creditors into taking a loss on their investments.
Greek voters will line up behind Alexis Tsipras in next election, says Atlantic Council’s Fran BurwellGreek voters will rally behind Prime Minister Alexis Tsipras, who lost part of his Syriza party August 21 after he was forced by creditors to abandon his anti-austerity stance, says the Atlantic Council’s Fran Burwell.
“My guess is that the Greek people will opt to remain in the eurozone and will vote for mainstream Syriza,” said Burwell, who is the Vice President and Director of Transatlantic Relations at the Atlantic Council.
Four arguments the Obama administration will use to win over CongressWith lawmakers a little over a month into the sixty-day congressional review period for the Iran nuclear agreement or Joint Comprehensive Plan of Action (JCPOA), US President Barack Obama’s administration is racing to secure votes of approval from undecided congressmen. The President has already pledged to veto a congressional rejection, but the possibility that Republicans could rally the forty-four House and thirteen Senate Democrats necessary to override a veto has the administration pushing hard to shore up support.
Olena Tyshchenko is director of the Agency for Asset Recovery at Ukraine's Ministry of Internal Affairs. Tatiana Chornovol is a member of Ukraine's parliament, the Verkhovna Rada, and one of the leaders of last year's Euromaidan.
Elections will produce split in ruling party, says Atlantic Council’s Fran BurwellGreek Prime Minister Alexis Tsipras’ decision to resign and call snap elections in an attempt to shore up support for a harsh bailout package will split his leftist party, says the Atlantic Council’s Fran Burwell.
Syriza has been a “broken party” since Tsipras backed away from the anti-austerity platform that brought him to power seven months ago, said Burwell, who is the Vice President and Director of Transatlantic Relations at the Atlantic Council.