Executive Board
Board Discussions
on the Russian Federation:

June 29, 2016
July 29, 2015
June 27, 2014
September 18, 2013
July 27, 2012

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2017  2018
Real GDP 1.4 1.4
Consumer Prices 4.5 4.2
Source: World Economic Outlook (April 2017)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Article IV Staff Reports

Financial Sector Assessment Program

Russian Federation: Financial Position in the Fund

Transactions with the Fund

Central Bank
Central Bank of the Russian Federation

Finance Ministry
Ministry of Finance

The Government of the Russian Federation

IMF Resident Representative
Office in the Russian Federation

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Russian Federation and the IMF
Updated April 4, 2017

The last Article IV Executive Board Consultation was on June 29, 2016. Listed below are items related to the Russian Federation, in reverse chronological order (you can also view items by category).

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September 13, 1999 -- Facts About IMF Lending to Russia
That there has been capital flight on this scale (from Russia) does not surprise us, but there is no proven link between this money and the loans released by the IMF.
September 13, 1999 -- Russia: Long Climb Out of a Black Hole -- A Commentary by IMF Managing Director Michel Camdessus
Published in the Washington Post. The transition from the black hole of the Soviet command economy will take years, and progress will not be linear. The outside world's assistance must be determined by improvements that can realistically be achieved, not by too-distant goals. But any potential achievements will fade into impossibilities if we walk away from Russia.
September 09, 1999 -- Transcript of a Press Conference on the 1999 Annual Report of the IMF
The Annual Report is a report on our work program, and that consisted mainly, as it always does, of surveillance, lending activities, and technical assistance activities in a variety of areas to our many member countries.
September 08, 1999 -- Transcript of a Press Conference on the 1999 International Capital Markets Report
We focus in the report on the global or international capital markets, developments and issues in these markets. This report is based extensively on discussions with private market participants, in addition to national authorities.
August 30, 1999 -- Tax Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union
Author/Editor: Ebrill, Liam P.
Series: Occasional Paper No. 182
August 30, 1999 -- IMF Survey:
Why IMF lends to Russia; Turkish earthquake; EMU stability in transition process; proposals to modify HIPC initiative; how HIPC works; sequencing financial sector reform; Per Jacobsson lecture announced; institutionalized corruption. PDF File Size: 790Kb
August 19, 1999 -- The IMF, Russia and Le Monde -- a Letter to the Editor by IMF Managing Director Michel Camdessus
The letter by IMF Managing Director Michel Camdessus appeared in Le Monde
August 16, 1999 -- IMF Survey:
IMF approach to economic stabilization; exchange rate options for Central and Eastern Europe; analysis of ESAF-supported adjustment programs; natural resource abundance and corruption; PricewaterhouseCoopers report on Russia. PDF File Size: 323Kb
August 05, 1999 -- IMF Response to Le Monde Editorial on Russia
part of this letter by John Odling-Smee was published in Le Monde.
August 02, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Russia
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
August 02, 1999 -- IMF Survey:
Stand-by credit for Russia; sequencing financial sector reforms; Summers on debt relief; IMF staff reports--pilot project; Brazil credit tranche approved; Galbraith on 20th century's unfinished business; and Dubrovnik conference on transition economies PDF File Size: 671Kb
July 29, 1999 -- Transcript of a Press Conference Call with First Deputy Managing Director Stanley Fischer on the Russian Federation
This is about Russia and the IMF Board meeting yesterday, and there are a few points to make in addition to what was said in our release last night.
July 28, 1999 -- Press Release: IMF Approves Stand-By Credit for Russia
July 15, 1999 -- Getting it Right: Sequencing Financial Sector Reforms - Transcript
Transcript of an Economic Forum on Financial sector liberalization.
July 13, 1999 -- Russian Federation Letter of Intent, July 13, 1999
Statement of the Government of the Russian Federation and Central Bank of Russia on Economic Policies which describes the policies that Russia intends to implement in the context of its request for financial support from the IMF.
June 24, 1999 -- Transcript of IMF Economic Forum on Dollarization: Fad or Future for Latin America
This Economic Forum was held on June 24, 1999
June 16, 1999 -- Russia: In Search of a Vision to Revitalize Reform -- Address by Michel Camdessus
Given at the St. Petersburg Economic Forum, Russia
June 11, 1999 -- Global Economic and Financial Developments in the 1990s and Implications for Monetary Policy -- Address by Flemming Larsen
Given at the 27th Economics Conference: Possibilities and Limitations of Monetary Policy, Oesterreichische Nationalbank, Vienna
June 08, 1999 -- Transcript of an IMF videoconference with the Development Bank of Southern Africa (DBSA)
Jointly organized IMF/Development Bank of Southern Africa (DBSA) videoconference on: the most recent World Economic Outlook, the Heavily Indebted Poor Countries Debt Reduction Initiative known as the HIPC Initiative, and the Reform of the International Financial System, or the new architecture.
June 01, 1999 -- Finance & Development, June 1999 - Lessons of the Russian Crisis for Transition Economies
Guest Author Yegor Gaidar says that soft budget constraints and weak administrative controls brought Russia to the brink of hyperinflation. The lesson is to disinflate rapidly and to impose hard budget constraints quickly.

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