We have been successfully managing a portfolio of 11 groups of companies with an aggregate value well over a billion dollars.
Financial markets worldwide reflect ongoing deleveraging pressures amidst a deepening economic downturn. In spite of extensive combative policies, the global financial system remains under intense stress.
While it began in affluent countries, the crisis is hitting developing countries hard through trade and financial market channels. Transmission channels may differ from country to country, but emerging markets in general are severely affected. Overall, fiscal positions in emerging and developing economies are weakening because of slowing domestic revenues, increased spending on social programs in response to the crisis, and deteriorating terms of trade for commodity exporters.
Igor KucherenkoRead more
