Can settling debts change an image?

Headline: Can settling debts change an image?Source: EuromoneyDate: November 2001Author: Ben Aris RUSSIA It is all very un-Russian. Strong growth and a burgeoning trade surplus mean Russia is flush with money, money that would have been squandered in the past. But for once the government is thinking ahead. The Kremlin is going to pay off […]

Headline: Can settling debts change an image?
Source: Euromoney
Date: November 2001
Author: Ben Aris

RUSSIA

It is all very un-Russian. Strong growth and a burgeoning trade surplus mean Russia is flush with money, money that would have been squandered in the past. But for once the government is thinking ahead.

The Kremlin is going to pay off its IMF debt early in a move designed to smooth debt payments in the coming years and above all to try to undo Russia’s image as a defaulter.








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