Russia and the IMF: Pseudo Lending for Pseudo Reforms

Milan Nikolic ()

No 6, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: This paper argues that the IMF financial and good technical assistance to Russia in the 1990s has been less than generous. Not only the size of the assistance might have not been adequate but also the timing and actual disbursements of these funds were in sharp discord with pledges. More importantly, the IMF made a number of serious policy mistakes in both design and the implementation of the reforms, which significantly contributed to a delay in stabilisation of the economy and were thus costly in terms of the loss of welfare to the society.

Keywords: International Financial Institutions; IMF; Russian economy; financial assistance (search for similar items in EconPapers)
JEL-codes: E61 F21 F33 F34 F35 H63 O19 P20 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2002-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:6

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