Russian Federation : Staff Report for the 2012 Article IV Consultation

Publication Date: August 03, 2012
Electronic Access: Free Full text (PDF file size is 1,320KB).
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Summary: The Russian Federation economy saw growth of about 4 percent and a current account surplus—the result of favorable harvest, high oil prices, and reduced unemployment and inflation. Implementation of structural reforms initiated by the Central Bank of Russia (CBR), managing domestic demands, and non-vulnerability to oil price variation were suggested by the Executive Board as short and mid-term challenges. Strengthening monetary policy framework, allowing greater exchange rate flexibility, implementing Financial Sector Assessment Program (FSAP) recommendations, expansion of CBR powers, reduced state involvement in the economy, and enhancement of communication policies were also recommended.
Series: Country Report No. 12/217
Subject(s): Article IV consultation reports | Bank supervision | Economic growth | Economic recovery | Financial sector | Fiscal reforms | Staff Reports

Notes Also Available in Russian
Publication Date: August 03, 2012
ISBN/ISSN: 9781475505030/1934-7685 Format: Paper
Stock No: 1RUSEA2012002 Pages: 60
US$18.00 (Academic Rate:
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