Russian Federation : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/217

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Russia (Federation).

Fiscal policy.

Monetary policy--Russia (Federation).

Monetary policy.

Physical Description:

1 online resource (61 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

The Russian Federation economy saw growth of about 4 percent and a current account surplus—the result of favorable harvest, high oil prices, and reduced unemployment and inflation. Implementation of structural reforms initiated by the Central Bank of Russia (CBR), managing domestic demands, and non-vulnerability to oil price variation were suggested by the Executive Board as short and mid-term challenges. Strengthening monetary policy framework, allowing greater exchange rate flexibility, implementing Financial Sector Assessment Program (FSAP) recommendations, expansion of CBR powers, reduced state involvement in the economy, and enhancement of communication policies were also recommended.

Contents:

Cover; CONTENTS; RECENT DEVELOPMENTS; FIGURES; 1. Production Indicators and inflation Developments, 2008-12; 2. Banking Sector Developments, 2008-12; 3. Fiscal Policy, 2004-11; 4. Monetary Policy, 2008-12; OUTLOOK; A. Near-Term Outlook and Risks; B. Medium-Term Outlook; BOXES; 1. External Sector Assessment for Russia; 2. Regional Spillovers from Russia; 5. Selected Economic Indicators Under Three Scenarios, 2005-17; POST-ELECTION OPPORTUNITIES; A. Anchoring Fiscal Policy; 3. Authorities' Response to Past IMF Policy Recommendation; 4. An Example of the Oil Price Rule in Practice

5. Pension Reform in RussiaB. Tightening the Monetary Policy Stance and Anchoring Low Inflation; C. The Financial Sector: Containing Risks and Promoting Sound Intermediation by Strengthening Supervision; D. Improving the Investment Climate; 6. Long-Term Economic Policy Priorities of the New Government; STAFF APPRAISAL; 6. Governance Indicators for Selected Countries; TABLES; 1. Selected Macroeconomic Indicators, 2008-13; 2. Balance of Payments, 2008-13; 3a. Fiscal Operations, 2009-13; 3b. General Government Stock Positions; 4. Monetary Accounts, 2008-13

5. Medium-Term Framework and Balance of Payments, 2008-176. Medium-Term Framework and Balance of Payments, Reform Scenario, 2008-17; 7. Financial Soundness Indicators, 2007-12; 8. Indicators of External Vulnerability, 2007-11; 9. Public Sector Debt Sustainability Framework, 2009-17; 10. External Debt Sustainability Framework, 2008-17; ANNEXES; I. Risk Assessment Matrix; II. Key FSAP Recommendations and Implementation; III. Sensitivity of Inflation Expectations; CONTENTS; I. FUND RELATIONS; II. WORLD BANK-IMF COLLABORATION; III. STATISTICAL ISSUES

Notes:

"August 2012."

Description based on print version record.

ISBN:

9781475593679

1475593678

9781475540543

147554054X

9781299264328

1299264328

9781475541199

1475541198