Russian Federation; Staff Report for the 2011 Article IV Consultation

Russian Federation; Staff Report for the 2011 Article IV Consultation
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Volume/Issue:
2011/294
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 2011
DOI:
http://dx.doi.org/10.5089/9781463904852.002
ISBN:
9781463904852
ISSN:
1934-7685
Page:
69
The reports highlights that, even though the Russian economy has started reviving from the crisis, growth has been moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for investment and economic diversification. Directors encouraged the authorities to undertake growth-friendly, credible, and ambitious fiscal consolidation. They have supported the Financial Sector Assessment Program (FSAP) recommendations to strengthen financial sector policies.
Article

Statement by the IMF Staff Representative on the Russian Federation

Author(s):
International Monetary Fund
Published Date:
September 2011
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