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The International Monetary Fund (IMF) is set to enter into a new agreement with Russia, which does not involve any fresh money but could assist Moscow in restructuring approximately $40 billion in Soviet-era debt, a year after suspending a $4.5 billion loan package for the country. A team of IMF economists arrived in Moscow on Tuesday to prepare for a "precautionary standby agreement", which indicates a new approach in the organization's relationship with Russia.
Tuesday, 7 November, 2000