IMF Staff Country Reports

Russian Federation: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Publication Date:

October 23, 2007

Electronic Access:

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Summary:

The staff report for the 2007 Article IV Consultation highlights the Russian Federation’s long-term perspective, economic developments, and macroeconomic policies. Russia’s economic growth remains robust. High oil prices and sound fiscal policy underlie Russia’s long spell of robust growth. Executive Directors noted that Russia continues to face tensions in the policy mix designed to reduce inflation while preserving exchange rate stability. Raising investment levels is particularly important in light of the projected decline in the labor force and the declining prospect for continued high productivity gains over the medium term.

Series:

Country Report No. 2007/351

Subject:

Balance of payments Capital inflows External debt Inflation Oil prices Prices Public debt

Notes:

Also available in Russian