Russian Federation: Staff Report for the 2005 Article IV Consultation

October 20, 2005

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Format: Chicago

Russian Federation: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed December 22, 2024

Also available in: русский

Summary

This 2005 Article IV Consultation highlights that Russia is in its seventh year of robust economic growth. This strong performance was ignited by the sharp depreciation in the wake of the 1998 crisis, and subsequently sustained by large terms-of-trade gains, in combination with increased political and macroeconomic stability. Higher output and investment in the oil sector have been key conduits of the broad-based recovery, which is still running its course. Monetary policy remains relatively lax. The economy is expected to continue to grow robustly, although not at the pace seen before last year’s slowdown.

Subject: External debt, Inflation, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: Assumption, Baltics, Budget, Budget to the Duma, CR, Draft budget, Federal government balance, Federal Government budget, Forecast, Gas and mining taxes, Global, Inflation, ISCR, Oil, Oil export earnings, Oil prices, Revenue projection, Staff appraisal

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/377
Stock No:

1RUSEA2005001
ISBN:

9781451833126
ISSN:

1934-7685

Notes

Also available online in Russian.

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