IMF seeks tougher Russian monetary policy

RUSSIA - The International Monetary Fund has called on Russia at the end of a five-day mission to tighten monetary policy to check inflation and keep closely to spending plans in its current budget.

An IMF statement issued in Moscow late on 22 June said the mission's main purpose was to discuss Russia's macroeconomic outlook for the rest of the year and plans for the 2002 budget.

"As to 2001, the mission was primarily concerned with modifications to policies needed to reduce inflation, which is

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