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Russia: Dubinin Confident Russia Will Get Entire IMF Loan


Washington, 29 October 1996 (RFE/RL) -- The governor of the Russian Central Bank, Sergei Dubinin, says that despite the delay in this month's drawing, he is confident that Moscow will get all the tranches of its three-year, $10 billion loan from the International Monetary Fund (IMF).

An IMF review team left the Russian capital last week without having completed its monthly review, thus delaying release of the about $350 million drawing scheduled for late October.

The IMF has declined all comment, but a statement from the Central Bank says there is disagreement on the "timetable" of some measures to get Russian government revenues up.

Lagging tax collections caused a delay in the IMF's July drawing for Russia and government officials say that while revenues are going up, they need to improve even faster.

The central bank says the IMF is also concerned about some of the rules proposed for opening up the government's debt market to foreign investors and about plans for heavy import duties on alcohol.

Russia and the IMF will resume the talks in early November.
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