Publication:
Russian Economic Report, No. 24, March 2011: Sustaining Reforms under the Oil Windfall

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-06-16T16:50:56Z
dc.date.available2017-06-16T16:50:56Z
dc.date.issued2011-03
dc.description.abstractDespite the recent slowdown, the underlying growth of the global economy remains solid. After a 4 percent growth in 2010, Russia's real output is expected to grow 4.4 percent in 2011, increasingly driven by domestic demand. Russia's households have absorbed the food price shock thanks to a combination of higher wages and pensions, and resort to private and public safety nets. The country emerged from the global recession with lower unemployment and poverty than feared. But global risks and uncertainties increased with the new oil shock. Although the short-term impact will be positive for Russia's export and fiscal revenues, there is no room for complacency. Macroeconomic policy should focus on the short-term objective of controlling inflation and medium-term fiscal adjustment towards long-term, sustainable level of non-oil fiscal deficit. Improving the efficiency of public expenditure to create fiscal space for productive infrastructure and strengthening the investment climate for the private sector remain among key long-term challenges. The ongoing rethinking of the government's long-term strategy and a period of high oil revenues provide an opportunity to focus on these long-term issues more forcefully than during the global crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/332901468107067357/Sustaining-reforms-under-the-oil-windfall
dc.identifier.doi10.1596/27251
dc.identifier.urihttps://hdl.handle.net/10986/27251
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO LOANS
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectAIRPORTS
dc.subjectASSET MANAGEMENT
dc.subjectAUDITING
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK CREDITS
dc.subjectBANK LENDING
dc.subjectBANK POLICY
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKRUPTCIES
dc.subjectBANKS
dc.subjectBASIS POINTS
dc.subjectBENCHMARK
dc.subjectBOND
dc.subjectBOND ISSUANCE
dc.subjectBORROWING CAPACITY
dc.subjectBRIDGE
dc.subjectBUDGETING
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL BUDGETING
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVICE
dc.subjectCOMMERCIAL DEBT
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER LOANS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCOST SAVINGS
dc.subjectCPI
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT ENHANCEMENT
dc.subjectCREDIT ENHANCEMENTS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT MARKETS
dc.subjectCREDITORS
dc.subjectCURRENCY BASKET
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT FINANCING
dc.subjectDEBT REPAYMENTS
dc.subjectDEBT TRANSACTIONS
dc.subjectDEBTOR
dc.subjectDECISION MAKING
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISPOSABLE INCOME
dc.subjectDIVIDENDS
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC FACTORS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET EQUITY
dc.subjectEMERGING MARKETS
dc.subjectENABLING ENVIRONMENT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectENVIRONMENTS
dc.subjectEQUIPMENT
dc.subjectEQUITY FUNDS
dc.subjectEQUITY INDEXES
dc.subjectEQUITY ISSUANCE
dc.subjectEQUITY MARKET
dc.subjectEXCHANGE RATE
dc.subjectEXCISE TAX
dc.subjectEXCISE TAX ON GASOLINE
dc.subjectEXCISE TAXES
dc.subjectEXPENDITURE
dc.subjectEXPORTS
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL DEBT
dc.subjectFARES
dc.subjectFEDERAL BUDGET
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFOREIGN CURRENCY
dc.subjectFORESTRY
dc.subjectFUEL
dc.subjectFUEL TAX
dc.subjectFUEL TAXES
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REGULATIONS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGHWAY
dc.subjectHIGHWAY SYSTEM
dc.subjectINCOME GROWTH
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE BONDS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE REHABILITATION
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIAL INDEPENDENCE
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectLABOR PRODUCTIVITY
dc.subjectLACK OF COMPETITION
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLONG-TERM LOANS
dc.subjectM2
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMARKET CONDITIONS
dc.subjectMARKET CONTAGION
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET ECONOMY
dc.subjectMARKET PRICE
dc.subjectMARKET SIZE
dc.subjectMATURITY
dc.subjectMOBILE PHONE
dc.subjectMODES OF TRANSPORT
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL INCOME
dc.subjectNOMINAL PRICES
dc.subjectOIL
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOPEC
dc.subjectOPERATING COSTS
dc.subjectORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
dc.subjectPAVEMENT DAMAGE
dc.subjectPAVEMENT SURFACE
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERFORMANCE APPRAISAL
dc.subjectPOLICY MAKERS
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPRICE INCREASES
dc.subjectPRICE MOVEMENTS
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATIZATION
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC BUDGET
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC EXPENDITURES ON ROADS
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SAFETY
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectQUALITY OF TRANSPORT
dc.subjectRAIL
dc.subjectRAIL SECTOR
dc.subjectRAILWAYS
dc.subjectREAL INCOME
dc.subjectREAL WAGES
dc.subjectREGULATORY BARRIERS
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRETIREMENT
dc.subjectRETURN
dc.subjectREVERSE AUCTION
dc.subjectRISK AVERSION
dc.subjectRISK PREMIUMS
dc.subjectROAD
dc.subjectROAD DESIGN
dc.subjectROAD DESIGN STANDARDS
dc.subjectROAD INDUSTRY
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD MAINTENANCE
dc.subjectROAD MANAGEMENT
dc.subjectROAD NETWORK
dc.subjectROAD PROJECTS
dc.subjectROAD SECTOR
dc.subjectROAD TYPES
dc.subjectROAD USERS
dc.subjectROADS
dc.subjectROUTES
dc.subjectSAFETY NETS
dc.subjectSHORT-TERM BORROWING
dc.subjectSHORT-TERM BORROWINGS
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCKS
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTOLL
dc.subjectTOLL ROADS
dc.subjectTOTAL DEBT
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT PRICING
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORT STRATEGY
dc.subjectTRANSPORTATION
dc.subjectTRUCKS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUSER CHARGES
dc.subjectVALUE ADDED
dc.subjectVEHICLE
dc.subjectVEHICLE REGISTRATION
dc.subjectVEHICLES
dc.subjectWAGES
dc.subjectWILLINGNESS TO PAY
dc.subjectWORLD STOCK MARKET
dc.titleRussian Economic Report, No. 24, March 2011en
dc.title.subtitleSustaining Reforms under the Oil Windfallen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleRussian Economic Report, No. 24, March 2011
okr.date.disclosure2011-08-17
okr.date.doiregistration2025-05-07T10:51:57.277771Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/332901468107067357/Sustaining-reforms-under-the-oil-windfall
okr.guid332901468107067357
okr.guid155021468094773525
okr.identifier.externaldocumentum000356161_20110817002546
okr.identifier.internaldocumentum14821792
okr.identifier.report63753
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/332901468107067357/pdf/637530WP0March00Box0361531B0PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.unitMacroeconomics 3 (ECSP3)
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