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Russia: IMF Team Returns

  • Robert Lyle



Washington, 10 March 1997 (RFE/RL) - A team of officials and experts from the International Monetary Fund (IMF) returns to Moscow this week to complete discussions on the 1997 targets for Russia's economic reform and stabilization program.

The targets are necessary to continue the three-year, $10 billion loan approved by the IMF one year ago.

Once the yearly targets are agreed, an IMF spokesperson tells RFE/RL, the regular review of Moscow's economic performance will be conducted to determine the next monthly release of drawings. The fund disburses about $340 million on the loan each month depending on Russia's success in meeting agreed goals.
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