RUSSIA: RUSSIA MAKES $25 MILLION IMF PAYMENT.(International Monetary Fund)(Brief Article)(Statistical Data Included)

IPR Strategic Business Information Database, January, 2002

Russia has paid $24.61 million to the International Monetary Fund (IMF) as due, Prime-TASS reported a Finance Ministry official as saying. Russia's next debt payment to the IMF, about $25 million, was due on 27 December. Earlier this year, Deputy Prime Minister and Finance Minister Aleksei Kudrin said Russia would pay a total of $1.448 billion to the IMF this year, reducing Russia's debt to the fund to $7.69 billion by the end of December.

Russia stopped borrowing from the IMF in the summer of 1999. Russian officials have repeatedly said the government was unlikely to resume borrowing from the fund, unless the foreign economic situation deteriorates sharply. (TSK) Copyright (c) 2001. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty