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The IMF will send its first mission to Russia since the war began

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The last annual IMF mission visited Russia in November 2019, before the start of the COVID pandemic.

The International Monetary Fund will be the first major international financial institution to send an official mission to Russia after the invasion of Ukraine in February 2022, said Alexey Mozhin, executive director of the IMF in the Russian Federation. Reuters writes about it.

The last annual IMF mission visited Russia in November 2019, before the start of the COVID pandemic.

The IMF confirmed that the Fund’s mission will visit Russia to discuss the country’s “economic development and policies.”

It was confirmed that the IMF mission will start working online on September 16 and will continue with a delegation visit to Moscow for meetings with Russian officials, where the issue of economic development and the country’s future policies will be discussed. .

The Fund has not provided a loan to Russia since 1998, and will stop providing technical assistance in 2022.

Western countries raised the issue of Russia’s expulsion from the IMF after the full-scale invasion of Ukraine. So far, China and India have prevented it.

Since the outbreak of the all-out war, Western members have criticized the IMF for being too optimistic about Russia’s sanctions-hit economy and warned that any decisions to seize fixed assets of Russia must be supported by adequate legal support.

Let’s remember that the IMF predicts the reduction of the share of the Russian economy in the world GDP to a historical minimum.

The IMF predicts a significant economic decline in Russia within five years
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Source: korrespondent

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