Special Report: Focus On Europe
IMF Provides Billions of
Dollars of Loans to Russia
Russia is in the midst of a serious economic crisis. Last May the grave financial problems that had plagued the country for months forced the government to triple interest rates to 150 percent. The move followed a 5-month period in which the Russian stock market lost more than 50 percent of its value.

To help stabilize Russian financial markets, the

International Monetary Fund (IMF) agreed last summer to lend the country $17 billion. The loans will be made over a 2-year period.
Questions

  1. How did the Russian stock market do this year?Answer
  2. How much did the IMF agree to lend Russia?Answer