This web page presents information about the work of the IMF in Russia, including the activities of the IMF Resident Representative Office. Additional information can be found on the Russia country page, including IMF reports and Executive Board documents that deal with Russia.

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At a Glance

  • Current IMF membership: 189 countries
  • Russia joined the Fund on June 1, 1992
  • Quota: SDR 12903.7 million

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News and Highlights


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Russia and the IMF

  • IMF Executive Board Concludes 2023 Article IV Consultation with Cyprus

    June 5, 2023

    The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cyprus on a lapse-of-time basis. Cyprus’s economy has been resilient to the fallout from Russia’s invasion of Ukraine. Output grew by 5.6 percent in 2022, as pandemic-affected pent-up demand boosted consumption, tourist arrivals rebounded, and the ICT sector expanded. Employment recovered and unemployment dropped to a post-Cyprus-financial-crisis low. However, high energy prices contributed to inflation and a larger current account deficit. The fiscal surplus reached 2.3 percent of GDP and public debt declined strongly. Liquidity and capital adequacy ratios in the banking sector have remained high, and profitability improved. Private sector deleveraging continues to be hindered by the slow resolution of legacy non-performing loans (NPLs).

  • CNB and IMF Conference "Policymaking in Choppy Waters: Fostering Resilience in Central Eastern and South-Eastern Europe" Starts Today

    June 2, 2023

    The conference "Policymaking in Choppy Waters: Fostering Resilience in Central Eastern and Southeastern Europe (CESEE)," organized jointly by the Croatian National Bank (CNB) and the International Monetary Fund (IMF), started today in Dubrovnik. This is the third time the CNB and the IMF have teamed up to co-host such a conference.

  • Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate

    May 1, 2023

    Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.

  • Chair's Statement of Forty-Seventh Meeting of the IMFC

    April 14, 2023

    Since February 2022, we have witnessed the war in Ukraine further adversely impact the global economy. There was a discussion on the issue. We reiterated our national positions as expressed in other fora, including the UN Security Council and the UN General Assembly, which, in Resolution No. ES-11/1 dated 2 March 2022, as adopted by majority vote (141 votes for, 5 against, 35 abstentions, 12 absent), deplores in the strongest terms the aggression by the Russian Federation against Ukraine and demands its complete and unconditional withdrawal from the territory of Ukraine. Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy - constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks. There were other views and different assessments of the situation and sanctions. Recognizing that the IMFC is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy.

  • Transcript of the April 2023 IMFC Press Briefing

    April 14, 2023

    Transcript of the April 2023 IMFC Press Briefing


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Regional Economic Outlook

April 28, 2023

Read the Report