Official says IMF head sees Russia entering sustainable rise

LIMA, Nov 21 (PRIME) -- The International Monetary Fund’s (IMF) Chairwoman Christine Lagarde thinks that Russia has set itself on the path of sustainable growth, Deputy Economic Development Minister Stanislav Voskresensky said November 20, after participating in a meeting between her and President Vladimir Putin.

Voskresensky said that Putin was asking whether the IMF estimates concerning the activities of the Russian central bank and the government have remained the same. “Lagarde answered, I will say literally, concerning the chairwoman of the central bank that she has made a fantastic job.”

He said that Lagarde criticized the situation in the Russian banking sector, its passivity, but offered no solution.

“Lagarde skipped the answer here, saying that the specifics of a country need to be taken into consideration, which requires a more detailed conversation. There were no recommendations but she spoke emotionally publicly that Russia, on the background of the situation that it had faced, first of all the oil price fall, coped very decently, entered the track of what she hopes to be sustainable growth,” Voskrsensky said.

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