On Tuesday, the Ministry of Youth and Sports of Ukraine signed an agreement on cooperation in the field of physical culture and sports with the Secretariat of Sports of the Argentine Republic, Minister of Youth and Sports of Ukraine Ihor Zhdanov has said.
“While visiting Buenos Aires, I signed an agreement between the Ministry of Youth and Sports of Ukraine and the Secretariat of Sports of the Argentine Republic on cooperation in the field of physical culture and sports,” the minister wrote on his Facebook page on Tuesday.
He noted that Secretary of State for Sports of Argentina Carlos Javier Mac Allister, who is a member of the government, and his successor, Diogenes de Urquiza, attended the signing ceremony. He starts to perform the duties of his colleague in a month.
According to Zhdanov, the agreement establishes the legal framework of the Ukrainian-Argentine cooperation in the field of physical culture and sports through the central executive bodies and public organizations of physical culture and sports.
“There will be an intensive exchange of experience between coaches and athletes of both countries within the framework of the agreement,” the minister said.
Study visits of specialists, organization and holding of seminars and conferences on issues of the sphere of physical culture and sports with the participation of representatives of state bodies, national federations for sports, sports societies and clubs are planned.
The markets of China, Ukraine, Argentina, South Africa and Turkey are the most vulnerable among all developing countries in terms of financing needs, reserve adequacy, asset valuation, institutional quality and trade resilience, according to a review by the analysts of the Institute of International Finance (IIF). Experts in May reevaluated the potential changes in investors’ interest in the assets of these countries amidst the strengthening of the U.S. dollar exchange rate, the growth of interest rates and the intensification of trade disputes.
The IIF considers the assets of Russia, the Czech Republic, Colombia, Brazil and the Philippines less exposed to such risks.
Turkey, Argentina, the Republic of South Africa, Ukraine and India have the highest need for financing, the IIF analysts believe.
The most notable improvement compared to the previous year, including that in terms of reducing needs for funding and increasing the attractiveness of assets, was demonstrated by Indonesia. In addition, the situation has improved in Malaysia, Chile, Egypt, and Brazil.
India’s position has worsened significantly, which is largely due to an increase in the deficit of the current account of its balance of payments. A comparative increase of risks is also observed in Turkey, Poland, and Ukraine.