• ACI Russia

08/24/1998 17:54:33 IMF will work 'vigorously' with Russia on reforms

WASHINGTON, Aug 24 (Reuters) - The International Monetary Fund

said on Monday it would work "vigorously" with the revamped Russian

government on economic reforms to help end the financial crisis.

"The IMF works with countries, not individuals," an IMF

spokeswoman said. "We will continue to work vigorously with those

who hold a position of authority."

She declined further comment.

Russian President Boris Yeltsin on Sunday fired the entire

government of prime minister Sergei Kiriyenko, who had failed to

stem a worsening financial crisis that led to a devaluation of the

rouble last week.

Yeltsin named as acting Prime Minister Viktor Chernomyrdin, whom

he had fired in March in a quest for a premier who could inject new

life into economic reforms.

A $22.6 billion emergency bailout package assembled by the IMF

has thus far failed to calm financial markets.

((Washington newsroom 202 898 8317,


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