The IMF is a truly laughable western capitalist tool. The only thing they are good for is buying bonds in, and using as a capitalist vehicle for ourselves. I think we have absolutely got the measure of them, let's use and abuse them. They really have little clue about economies, but what they are good at is making opportunities for capital, so we must just use them to make opportunities for our capital in the economies that they will savage. We use the western capitalist tool to work for our eastern capital. I couldn't think of a nicer way to do it! just watch, when the pensioners come more and more on line in the western economies. The available foreign investment capital will go down and down, that is happening now, and the local tax up and up. They will kill their economies through old age and socialism, all done with the help of the IMF.

Yes, I agree, IMF is just recipe for disaster for every place they touch. IMF should sit tight and shut thier dirty mouth.

Russia should ignore any Rothschild-run International Monetary Fund coments, help, anything, and issue special warning all over customs officeials of russia borders to take photo, iris scan, finger prints from all Rothschild family's member and Rothschild-run International Monetary Fund workers as Russian homeland security measure.

This article misrepresents the cause of the capital flight from Russia - rather than due to any systemic weaknesses in the Russian economy, the flight was caused by Western investors panicked by the US-triggered GFC, who pulled their money out of Russia and repatriated it back to the their home countries to shore up their own capital reserves. Western investors dumped rubles as they hurriedly converted to dollars, which hammered the Ruble value and forced the Russian reserve banks to spend dollar reserves to buy rubles and defend the currency. In short, the capital flight was a result of Western weakness, not Russian - not that the corporate business media outlets dare state such an inconvenient truth.

Unfortunately the IMF is a powerful institution which may be sneered at but not easily displaced. The sooner Russia through BRIC can establish an alternative currency for the world the better for Russia and the world. But the road ahead will be rough...