Briefs: Russia to pay IMF debt early
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President Vladimir Putin told the director general of the International Monetary Fund, Rodrigo Rato, on Thursday that Moscow was ready to pay off its debts early because the budget was benefiting from soaring prices for Russia&#39;s energy exports.
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Russia's huge oil and gas wealth enables the early repayment of its entire $22.3bn Paris Club debt.
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WASHINGTON -- The International Monetary Fund on Wednesday raised its outlook for Russia&#39;s economy but warned Moscow to resist spending the extra oil revenues it has received as a result of record energy prices.
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President Vladimir Putin told the chief of the International Monetary Fund on Thursday that Russia may pay off portions of its international debt earlier than initially planned. The IMF head, meanwhile, urged Putin to push ahead with reforms and rein in inflation while Russia's economy enjoys an oil-fueled economic boom.
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The Institute of International Finance, the leading association of global financial institutions, has called for urgent action by finance ministers and the International Monetary Fund to help resolve the stand-off between Argentina and the holders of its
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Belarus has fully repaid its debt to the International Monetary Fund. The last payment due to the fund was made on February 1, the press service of the Belarusian finance ministry has reported to RBC.
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Russia has split its oil proceeds into two funds and has cleared the way for one to invest in foreign stocks and bonds, officials said. Actual investments are not expected to begin until next fall.
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International Monetary Fund delegation and government officials will brief reporters about results of an IMF mission to Bulgaria.
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Iraq will owe Russia between US$700 million (euro530 million) and US$1 billion (euro750 million) after the bulk of its debt is forgiven under a deal with international creditors, Finance Minister Alexei Kudrin was quoted as saying Monday.
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Russia will slash at least $9.5 billion of Iraq&#39;s debt to Moscow, Interfax news agency reported Monday. Iraq&#39;s debt to Russia will be reduced to $700 million to $1 billion
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The International Monetary Fund expressed concern Tuesday about the impact of the troubles besetting oil major Yukos on Russia&#39;s standing as a place to invest.
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MOSCOW: Russian Finance Minister Alexei Kudrin said a surplus in a government emergency fund should be used to pay off the country&#39;s foreign debt rather than boost government spending, warning that the high oil prices - and profits - which created the
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Old Russia hands who open up the United Nation&#39;s new World Investment Report are in for a surprise. Foreign direct investment into Russia hit a four-year low in 2003, the report found, plunging to $1.
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The head of the International Monetary Fund Thursday lauded Russia&#39;s efforts to save income from oil revenues. Concluding his visit to Moscow, the IMF&#39;s Director General Rodrigo de Rato said that the agency
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The deal whereby Russia was to repay its debts to Paris Club creditors has been postponed for an uncertain period of time.
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Emerging debt spreads are likely to  trade in ranges early in the week ahead of Venezuela's bond  sale results and the IMF meeting late in the week.
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Business: 14 January 2005, Friday. Russia is ready to pay off its USD 24.5 M debt to Bulgaria, half of which has been negotiated in military supplies and equipment to the Balkan country, Russian Ambassador to ...