IMF’s Lipsky on the Wires

Written June 5, 2009 at 1:25 AM EST by  

IMF’s Lipsky: Russian Ruble exchange not a problem in the short-term; Worst of economic crisis is behind for Russia

- IMF says Russia was hit hard by crisis
- IMF says worst of global crisis is behind
- Russian banking system needs to be cleaned up
- Russia needs fiscal reforms
- In discussions with Ukraine, notes that situation there is difficult.
- Ukraine program will be successful if implemented fully
- Not directly involved in Russian-Ukraine gas disput
- IMF expects Latvia currency peg to be kept; notes country situation is difficult

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