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
  • The latest Article IV Consultation was discussed by the Executive Board on February 3, 2021

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IMF’s Work on Russia

  • Geopolitics and its Impact on Global Trade and the Dollar

    May 7, 2024

    After years of shocks—including the COVID-19 pandemic and Russia’s invasion of Ukraine—countries are reevaluating their trading partners based on economic and national security concerns. Foreign direct investment flows are also being re-directed along geopolitical lines. Some countries are reevaluating their heavy reliance on the dollar in their international transactions and reserve holdings.

  • Transcript of European Department April 2024 Press Briefing

    April 19, 2024

    Hello everyone. Thank you for joining today's press conference on the release of the European Economic Outlook. My name is Camila Pérez. I am a Communications Officer with the IMF. Here we are with Alfred Kammer.

  • Georgia: Staff Concluding Statement of the 2024 Article IV Mission

    March 18, 2024

    An International Monetary Fund (IMF) mission led by Mr. Matthew Gaertner conducted discussions for the 2024 Article IV consultation with Georgia during March 6-18 in Tbilisi.

  • 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.


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Regional Economic Outlook

April 19, 2024

Soft Landing in Crosswinds for a Lasting Recovery

A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
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