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RUSSIA: IMF WEIGHS IN ON RUBLE CONTROVERSY...(Brief Article)
IPR Strategic Business Information Database, July, 2000
Addressing a conference in Moscow on 21 June, the IMF's Representative to Russia Martin Gilman said the fund believes that if "serious structural reforms are implemented in Russia," the strengthening of the ruble will be unavoidable. However, he added, in current conditions such strengthening is worrying, Interfax reported.
Gilman also said that the IMF believes that "excess ruble liquidity should be sterilized by appropriate actions from the Central Bank and the government." Prime Minister Mikhail Kasyanov and Central Bank Governor Viktor Gerashchenko have been making contradictory comments about the preferred future course of the ruble. JAC Copyright (c) 1999. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty
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