Russian Federation : 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

August 7, 2009

Electronic Access:

Free Full text (PDF file size is 1114 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and corporate sectors could lead to a full-fledged crisis. Executive Directors have commended the authorities for a swift and substantial policy response to these developments. Directors have also encouraged the authorities to take a more proactive and concerted approach to tackling the problems in the banking sector.

Series:

Country Report No. 09/246

Subject:

Notes:

Also available in Russian

Frequency:

Monthly

English

Publication Date:

August 7, 2009

ISBN/ISSN:

9781451833195/1934-7685

Stock No:

1RUSEA2009002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

80

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