publication . Preprint . 2006

Russian Federation; Staff Report for the 2006 Article IV Consultation

International Monetary Fund;
Open Access
  • Published: 06 Dec 2006
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.
free text keywords: Capital inflows;Banking systems;Balance of payments;Article IV consultations;Consumption;Debt sustainability analysis;Financial soundness indicators;Exchange rates;External debt;Economic policy;Gross domestic product;Inflation;Fiscal policy;Monetary policy;Investment;Russian Federation;Public information;Oil sector;Oil revenues;Oil prices;Staff appraisals;Staff Reports;Structural adjustment;debt, interest, budget, deficit
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