Russian Federation: Staff Report for the 2006 Article IV Consultation

Volume/Issue: Volume 2006 Issue 429
Publication date: December 2006
ISBN: 9781451975246
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Russian
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , oil price projection , budget , projection , WEO , GDP , terms-of-trade gain , Federal Government budget , U , S , dollar , inflation projection , stabilization fund , oil price , unsterilized foreign exchange intervention , Oil prices , Inflation , Exchange rates , Global

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.