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Russian Federation: Report on Post-Program Monitoring Discussions

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  • International Monetary Fund

Abstract

Economic developments in 2000 have dominated by the strength of the balance of payments. Real GDP has grown by 7.5 percent in 2000, but the momentum has slowed during the year. The external current account surplus is estimated at US$45 billion (18 percent of GDP) in 2000, driven by the sharp increase in international energy prices and still compressed imports from the pre-crisis period. The budget has recorded a strong surplus in 2000, even though the fiscal stance has relaxed during the fourth quarter.

Suggested Citation

  • International Monetary Fund, 2001. "Russian Federation: Report on Post-Program Monitoring Discussions," IMF Staff Country Reports 2001/102, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/102
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