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July 27, 2012
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Financial Sector Assessment Program

Projected % Change
   2012  2013
Real GDP 3.7 3.8
Consumer Prices 5.1 6.6
Source: World Economic Outlook (October 2012)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

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Russian Federation and the IMF
Updated August 10, 2012

The last Article IV Executive Board Consultation was on July 27, 2012. Listed below are items related to the Russian Federation, in reverse chronological order (you can also view items by category).

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August 03, 2012 -- Russian Federation: Staff Report for the 2012 Article IV Consultation
Series: Country Report No. 12/217
Notes: Also Available in Russian
August 03, 2012 -- Russian Federation: Selected Issues
Series: Country Report No. 12/218
Notes: Also Available in Russian
August 03, 2012 -- IMF Survey: Russia Needs Deep Reforms to Maximize its Growth Potential
Russia has recovered from the global economic crisis, growing at more than 4 percent through 2010-11 on the back of high oil prices. Growth is set to continue at about 4 percent in 2012, assuming oil prices of $80 a barrel.
August 02, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with the Russian Federation
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 01, 2012 -- Reforming the Public Pension System in the Russian Federation
Author/Editor: Eich, Frank | Gust, Charleen | Soto, Mauricio
Series: Working Paper No. 12/201
July 26, 2012 -- Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations Department, International Monetary Fund
July 16, 2012 -- Financial Market Update:
Risks to financial stability have increased since the April 2012 Global Financial Stability Report (GFSR). Sovereign yields in southern Europe have risen sharply amid further erosion of the investor base. Elevated funding and market pressures pose risks of further cuts in peripheral euro area credit. The measures agreed at the recent European Union (EU) leaders’ summit provide significant steps to address the immediate crisis. Aside from supportive monetary and liquidity policies, the timely implementation of the recently agreed measures, together with further progress on banking and fiscal unions, must be a priority. Uncertainties about the asset quality of banks’ balance sheets must be resolved quickly, with capital injections and restructurings where needed. Growth prospects in other advanced countries and emerging markets have also weakened, leaving them less able to deal with spillovers from the euro area crisis or to address their own home-grown fiscal and financial vulnerabilities. Uncertainties on the fiscal outlook and federal debt ceiling in the United States present a latent risk to financial stability. Text also available in: عربي; 中文; Español; Français; 日本語; Русский.
June 19, 2012 -- IMF Survey: When Resources Come from 'Partners' Instead of 'Donors'
Rising levels of development financing by major emerging market economies have intensified the debate on aid effectiveness and debt sustainability. Unlike aid from advanced-economy donors, financing from the major emerging market economies excluding Russia focuses on mutual benefits without involving policy conditions on how the funding is used.
June 15, 2012 -- Russian Federation--Concluding Statement for the 2012 Article IV Consultation Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
June 13, 2012 -- Press Release: Statement by the 2012 Article IV Consultation Mission to the Russian Federation
April 20, 2012 -- IMF Survey: Caucasus, Central Asia See Solid Growth, But Risks Remain
The outlook for the Caucasus and Central Asia region remains broadly positive, with growth for most countries projected to reach 5-7 percent, says the IMF's latest economic outlook for the region.
April 05, 2012 -- Transcript of a Press Briefing by Gerry Rice, Director, External Relations Department, International Monetary Fund
March 14, 2012 -- Liberalizing Capital Flows and Managing Outflows - Background Paper
Subject: Capital flows | Korea, Republic of | Iceland | Russian Federation | Ukraine | Capital outflows | Capital controls | Emerging markets | Developing countries | Background papers
March 13, 2012 -- Russian Federation: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 12/53
March 01, 2012 -- BRICs’ Philosophies for Development Financing and Their Implications for LICs
Author/Editor: Mwase, Nkunde | Yang, Yongzheng
Series: Working Paper No. 12/74
March 01, 2012 -- Strengthening Russia's Fiscal Framework
Author/Editor: Gust, Charleen | Zakharova, Daria
Series: Working Paper No. 12/76
December 08, 2011 -- Russian Federation-Concluding Statement for the December 2011 Staff Visit
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
December 08, 2011 -- Press Release: Statement by IMF Mission to Russia
November 29, 2011 -- Russian Federation: Technical Note on Stress Testing of the Banking Sector
Series: Country Report No. 11/334
November 29, 2011 -- Russian Federation: Technical Note on Crisis Management and Crisis Preparedness Frameworks
Series: Country Report No. 11/335

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