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. Last Updated: 07/27/2016

IMF Expected Back in February




The Russian government expects a mission of the International Monetary Fund to return to Moscow later this month for talks on more loans, a senior official said Monday.


First Deputy Prime Minister Yury Maslyukov, in charge of the talks with the IMF, said he hoped the fund's team would return as early as next week, Russian news reports said.


Maslyukov also said he expects IMF Managing Director Michel Camdessus or his deputy Stanley Fisher to visit Russia after a memorandum that outlines Russia's economic policies for the year is negotiated with the fund's experts.


An IMF mission left Russia on Saturday, after the Cabinet failed to deliver the memorandum as promised. Russian news reports said the team left despite Prime Minister Yevgeny Primakov's efforts to persuade it to stay until the document is ready.


The IMF put aid to Russia on hold after the government devalued the ruble and defaulted on some debts last August.