The Director of the IMF praised the “fantastic work” of the head of the Bank of Russia

The Director of the IMF praised the “fantastic work” of the head of the Bank of Russia

Moscow. 20 Nov. The head of the International monetary Fund (IMF) Christine Lagarde praised the actions of the Russian authorities, including the Central Bank in maintaining macroeconomic stability, told reporters Deputy economic development Minister Stanislav Voskresensky.

“Our President asked Christine Lagarde is quite a specific question, it was for the Russian financial sector. First, he asked whether the power estimates of the IMF, how does the Central Bank and the government to maintain macroeconomic stability, the President cited the latest data on macroeconomics,” – said Voskresensky reporters after a meeting of leaders of APEC economies with the head of the IMF.

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

Thus, according to the Deputy Minister, the Russian President asked a 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 actions”, – quoted the President of the resurrection.

“Here, Lagarde went to answer, saying that in each case it is necessary to consider specificity of the country and to discuss in more detail. Recommendations not followed, but it emotionally at all I said that Russia against the background of the situation that Russia faced, primarily, with the fall in oil prices, a very decent left, get out on the track – it wants sustainable growth,” he said.

Russian President Vladimir Putin in Lima took part in the meeting of leaders of the member economies of APEC with the managing Director of the International monetary Fund Christine Lagarde. “Discussed the activities of IMF in the Asia-Pacific region”, – said in a statement on the Kremlin website.