MOSCOW Feb 2 The International Monetary Fund welcomes a brand new funds rule drawn up by the Russian finance ministry, anticipating it’s going to enhance the predictability of fiscal coverage, the fund’s consultant for Russia Gabriel Di Bella mentioned on Thursday.

Di Bella added, nonetheless, that Russia’s oil-dependent funds wanted a extra thorough framework.

“The mechanism will help to implement the budget for 2017, replenish fiscal buffers, and improve predictability over fiscal policy,” he mentioned in written feedback. “However, a more comprehensive oil framework is needed.” (Reporting by Andrey Ostroukh; Writing by Alexander Winning)

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