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The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre-crisis policy of taxing and saving oil revenues in a stabilization fund, which had created significant space for fiscal expansion, monetary easing, and extraordinary liquidity...
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of Russia’s fiscal reporting and budgeting practices are in line with good or advanced practice under the July 2013 draft …
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This 2009 Article IV Consultation highlights that the banking system of the Russian Federation is under increasing strain, and private sector credit is contracting. The authorities’ response to the crisis has been swift and substantial, driven by concerns that weaknesses in the banking and...
Persistent link: https://www.econbiz.de/10014406684
. Russia’s statistical system has made good progress in adopting international statistical methodologies in response to the …
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Russia’s newly strengthened macroeconomic anchors. But absent a widening output gap, expansionary fiscal and monetary … growth, Russia needs to further strengthen the macroeconomic policy framework and implement supply-side reforms. The … constraints, Russia should reduce the regulatory burden to facilitate more private sector activity in key sectors, strengthen the …
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