IMF very sad of losing Russia as its prey

 

Maksim Khrustalev. Pravda.Ru. 09.11.2011

The recipes from the IMF took Russia to the default in 1998, which automatically ended the “fruitful cooperation” with the fund.

Strange as it may seem, Russia began to recover after that. The IMF could not be happy with that, of course. The Fund became concerned with Russia stepping aside from the “basic principles.” IMF officials started saying that Russia had no strategy to scrap the measures taken to support the economy.

To put it otherwise, supporting the national economy is not a correct thing to do from the IMF’s point of view. In addition, the fund recommended Russia should intensify the reforms in the field of state funding.

Its worth reading:  http://english.pravda.ru/business/finance/09-11-2011/119572-IMF_Russia-0/

 

 

Categories: Asia, Economics, Russia

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