Russian Federation: Staff Report for the 2003 Article IV Consultation

May 30, 2003

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Format: Chicago

Russian Federation: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed November 27, 2024

Summary

This 2003 Article IV Consultation highlights that the macroeconomic developments in the Russian Federation remained generally strong, with a third consecutive year of considerable GDP growth, fiscal surplus, and large current account surplus. The economy continues to benefit from the earlier reforms and the post-crisis real depreciation of the ruble, as well as strong world energy prices. For a second consecutive year, Russian financial markets were among the best performing in the world, and rating agencies provided a series of upgrades in 2002.

Subject: Fiscal policy, Fiscal stance, Inflation, Oil prices, Prices, Public debt

Keywords: Bond market, CPI inflation, CR, Fiscal policy, Fiscal stance, Global, Inflation, ISCR, Macroeconomic objective, Oil price, Oil price benchmark, Oil prices, Price, Real interest rate, Revenue, Surplus, U.S. dollar

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/144
Stock No:

1RUSEA0012003
ISBN:

9781451833010
ISSN:

1934-7685

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