Russian Federation: Report on Post-Program Monitoring Discussions
July 18, 2001
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Economic developments in 2000 have dominated by the strength of the balance of payments. Real GDP has grown by 7.5 percent in 2000, but the momentum has slowed during the year. The external current account surplus is estimated at US$45 billion (18 percent of GDP) in 2000, driven by the sharp increase in international energy prices and still compressed imports from the pre-crisis period. The budget has recorded a strong surplus in 2000, even though the fiscal stance has relaxed during the fourth quarter.
Subject: Balance of payments, Correspondent banking, Current account, Expenditure, External debt, Financial services, Oil prices, Prices
Keywords: Correspondent banking, CR, current account, Current account, exchange rate, fiscal policy, Global, government, government balance, ISCR, monetary policy, Oil prices, reform program, Russia, stock market index, surplus
Pages:
51
Volume:
2001
DOI:
Issue:
102
Series:
Country Report No. 2001/102
Stock No:
1RUSEA0012001
ISBN:
9781451832990
ISSN:
1934-7685
