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

October 23, 2007

Preview Citation

Format: Chicago

Russian Federation: 2007 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Also available in: русский

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.

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

Keywords: Capital inflows, CR, Global, Headline inflation, Inflation, ISCR, Liquidity squeeze, Money-market rate, Oil prices, Rate, Repo operation, Russia, Staff appraisal, Turmoil

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/351
Stock No:

1RUSEA2007001
ISBN:

9781451945881
ISSN:

1934-7685

Notes

Also available in Russian

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