Russian Federation : Staff Report for the 2006 Article IV Consultation

1RUSEA2006001 Image
Price:  $18.00

Release Date: © December, 2006
ISBN : 978-1-45197-524-6
Stock #: 1RUSEA2006001
Stock Status: On back-order

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Description

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.

Taxonomy

Balance of payments , Consumption , Economic development , Economic policy , Fiscal policy , Inflation , Investment , Monetary policy




More publications in this series: IMF Staff Country Reports