Lagarde acknowledged that Russia is worthy of moving to sustainable growth of the economy – RIA Novosti

20:1120.11.2016

(updated: 23:15 20.11.2016)

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LIMA, 20 Nov — RIA Novosti. the managing Director of the International monetary Fund Christine Lagarde praised the actions of the Russian authorities, including the work of the Central Bank to maintain makroekonomicheskoi stability. This was after a meeting of leaders of APEC economies with the head of the IMF said the Deputy Minister of economic development Stanislav Voskresensky.

According to him, Russian President Vladimir Putin asked Lagarde question, which concerned the Russian financial sector.

“first, he asked whether the power estimates of the IMF, the Central Bank and the government to maintain macroeconomic stability, the President cited the latest data on macroeconomc,” said Voskresensky.

“Lagarde said — I literally say — with regard to the head of the Central Bank, it did a fantastic job,” he said.

Further, according to the Deputy Minister, the Russian President asked the head of the IMF clarifying question.

“the Banking system is stable, but somehow she is very very passive and inactive credit to the economy, there is no contribution of the banking system in economic growth. He asked if she had any ideas of action” — quoted the head of state resurrection.

According to the Deputy Minister, Lagarde has left from the answer to this question, saying that in each case it is necessary to consider specificity of the country and to discuss the situation in more detail.

“Recommendations not followed, but it emotionally at all I said that Russia against the background of the situation faced by the country, especially with the fall in oil prices, a very decent left, get out on the track — it wants sustainable growth,” said Voskresensky.

He also added that during the meeting the Russian President called for more efforts to combat the shadow banking sector and tax evasion.

the head of the IMF during the meeting also paid attention to the work of the WTO. As noted resurrection, Lagarde quite skeptical in relation to the WTO and believes that organizations “need to rethink”.

the APEC Forum established to facilitate economic growth, cooperation, trade and investment in the Asia-Pacific region in November 1989. The first conference of Ministers of foreign Affairs and of economy of 12 countries of the region took place in Canberra. Now APEC includes 21 economies of the region.