01765cas a2200241 a 4500 AALejournalIMF006649 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455206483 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Russian Federation : 2010 Article IV Consultation; Staff Report; and Public Information Notice on the Executive Board Discussion. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (61 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Russian economy has improved after the recession, but recovery is fragile. Executive Directors appreciated the pre-crisis policy of taxing and saving oil revenues in a stabilization fund, which had created significant space for fiscal expansion, monetary easing, and extraordinary liquidity support to the banking system while helping to prevent an abrupt ruble depreciation. Directors agreed that the main challenges will be to implement medium-term fiscal consolidation, mitigate pressures for real appreciation and inflation, restore the health of the banking system, and improve the investment climate through ambitious structural reforms. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/246 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/246/002.2010.issue-246-en.xml IMF e-Library