Russian Federation: Staff Report for the 2006 Article IV Consultation

December 6, 2006

Preview Citation

Format: Chicago

Russian Federation: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed October 10, 2024

Also available in: русский

Summary

Propelled by large terms-of-trade gains, GDP growth has accelerated and is running close to potential. The demand pressures associated with the large terms-of-trade gains are reflected in a fast real appreciation of the ruble, although more of this has come through nominal appreciation during the last year. IMF staff welcomed the greater focus on inflation control, but cautioned that additional exchange rate flexibility would be needed to meet the end-2006 target. The authorities agreed that structural reforms are behind.

Subject: Exchange rates, External debt, Foreign exchange, Inflation, Oil prices, Prices, Public debt

Keywords: Budget, CR, Exchange rates, Federal Government budget, GDP, Global, Inflation, Inflation projection, ISCR, Oil price, Oil price projection, Oil prices, Projection, Stabilization fund, Terms-of-trade gain, U.S. dollar, Unsterilized foreign exchange intervention, WEO

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/429
Stock No:

1RUSEA2006001
ISBN:

9781451975246
ISSN:

1934-7685

Notes

Also available online in Russian

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