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Central bankers lead revamp as crises sweep former Soviet republics

They try to do more than make sure CIS economies live to fight another day

Tasked with financial reforms in Ukraine, Ms Gontareva revamped the central bank's operations and moved to contain a financial crisis with a programme of stress tests and restructuring for lenders.


LENDERS of last resort are becoming agents of change for economies across the former Soviet Union.

Their governments paralysed by collapsing revenue, central banks sprang into action when the crisis hit last year, allowing more flexible currencies to take root from Belarus to