The International Monetary Fund’s (IMF) Moscow office has advised the Russian government to speed up its structural reforms in order to ensure stable economic growth, and reduce the country’s dependence on natural resources.
The government and the IMF met between January 30 and February 12, 2003, to discuss the country’s economic development and policy. The proposals were made despite Russia having a significant budget and balance of payments surplus, which have strengthened the country’s ability to withstand a downturn in world economic conditions.
