IMF to start assessing Russian financial sector next week


The International Monetary Fund will start assessing the Russian financial sector next week, IMF Managing Director Rodrigo de Rato said Tuesday.

The IMF’s resident representative in Russia, Neven Mates, announced in spring that the assessment would take place, and said a report would be published in 2008. Russia is one of the 184 IMF member states. The fund annually prepares reviews on countries’ economies, with fund experts giving their assessment of the fiscal, macroeconomic and financial policy situation, and offering development recommendations. De Rato, speaking after a meeting with Russian Finance Minister Alexei Kudrin and Central Bank Chairman Sergei Ignatyev, said he was "encouraged" by yesterday’s Russian government reshuffle, which gave Kudrin an additional post of deputy prime minister. However, the IMF chief said the ruble’s exchange rate should be more flexible. “The IMF is of the opinion that it would be to the advantage of Russia to have a more flexible exchange rate. I once again, in the name of the fund, advised the Russian authorities to concentrate policy on inflation,” he said. (


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.