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.

Back to Top

At a Glance

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

Back to Top

News and Highlights

More

Back to Top

Russia and the IMF

  • Transcript of IMF Press Briefing

    February 22, 2024

    Welcome to the IMF press briefing, both to those here in the room and those of you joining us online. My name is Julie Kozak. I am the director of the IMF's Communications Department.

  • IMF Staff Concludes Staff Visit to Uzbekistan

    December 21, 2023

    Uzbekistan’s economy has remained resilient to recent global challenges and has continued to grow at a rapid pace. The outlook remains positive, but risks remain.

  • Cold War II? Preserving Economic Cooperation Amid Geoeconomic Fragmentation

    December 11, 2023

    Plenary Speech by IMF First Managing Deputy Director Gita Gopinath at the 20th World Congress of the International Economic Association, Colombia

  • IMF Staff Completes 2023 Article IV Mission to the Kyrgyz Republic

    December 4, 2023

    The Kyrgyz economy performed strongly in 2022 and expanded at 6.3 percent despite the headwinds from the difficult regional environment. Tax revenue improved sharply, and public debt declined to 49 percent of GDP. Headline inflation fell from 14.7 percent in December 2022 to 9.2 percent in October 2023, but demand pressures have kept core inflation elevated. The current account deficit widened significantly to 43.6 percent of GDP in 2022 as non-oil imports increased by 26 percent of GDP and gold exports were suspended, while re-exports to Russia were not captured in official statistics.

  • Europe in a Fragmented World

    November 30, 2023

    Good afternoon. It is a pleasure to join you today. Let me begin by thanking Moritz and Sebnem for the very kind introduction. Sebnem is a phenomenal researcher and dear friend from whom I have learned a lot. I am extremely thankful for her generous words. I would also like to thank the Kiel Institute for the Bernhard Harms Prize. I am honored to receive a prize that champions scholarship in international economics and global relations.

More

Back to Top

Regional Economic Outlook

November 8, 2023

Restoring Price Stability and Securing Strong and Green Growth

Europe is at a turning point. After last year’s crippling energy price shock caused by Russia’s invasion of Ukraine, Europe faces the difficult task of restoring price stability now while securing strong and green growth in the medium term. Economic activity has started to cool and inflation to fall as a result of monetary policy action, phasing-out supply shocks, and falling energy prices. Sustained wage growth could, however, delay achieving price stability by 2025. Failing to tackle inflation now will risk additional growth damage in a world exposed to structural shocks from fragmentation and climate change. These global headwinds add to Europe’s long-standing productivity and convergence problems. To lift Europe’s potential for strong and green growth, countries need to remove obstacles to economic dynamism and upgrade infrastructure. This will strengthen business-friendly conditions and investment. Cooperation at the European level and with international partners will position Europe as a leader in the climate transition and support economic stability across the continent.


Read the Report