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Russia Government Finances

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April 29, 1999 | Bloomberg News
The International Monetary Fund and Russian finance officials reached an agreement that clears the way for new loans to the debt-ridden Russian government, said IMF Managing Director Michel Camdessus. The deal awaits approval by the lender's executive board, Camdessus said. Russia needs at least $4.5 billion in fresh loans to repay old loans to the IMF that cannot be extended. The deal would be "a new step in the cooperation between the IMF and Russia," Camdessus said.
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BUSINESS
April 29, 1999 | Bloomberg News
The International Monetary Fund and Russian finance officials reached an agreement that clears the way for new loans to the debt-ridden Russian government, said IMF Managing Director Michel Camdessus. The deal awaits approval by the lender's executive board, Camdessus said. Russia needs at least $4.5 billion in fresh loans to repay old loans to the IMF that cannot be extended. The deal would be "a new step in the cooperation between the IMF and Russia," Camdessus said.
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