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Russian Federation: Staff Report for the 2011 Article IV Consultation

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2011. "Russian Federation: Staff Report for the 2011 Article IV Consultation," IMF Staff Country Reports 2011/294, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/294
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    References listed on IDEAS

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    1. International Monetary Fund, 2011. "Chile: Staff Report for the 2011 Article IV Consultation," IMF Staff Country Reports 2011/260, International Monetary Fund.
    2. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
    3. David Hauner, 2006. "A Fiscal Price Tag for International Reserves," International Finance, Wiley Blackwell, vol. 9(2), pages 169-195, August.
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    5. World Bank, 2011. "Russia - Public Expenditure Review," World Bank Publications - Reports 2767, The World Bank Group.
    6. Editorial Article, 0. "Contents," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 2.
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