The purpose of the Stabilization Fund is to provide a substantial level of backup for the federal budget expenditures in the event of a sharp decline in the oil price on the world market. It currently holds a total of around 110 billion dollars. The Stabilization Fund resources are held in the Finance Ministry’s foreign exchange deposits with the Central Bank.
Finally, I will turn to the future to discuss three principles for better economic policies and several concrete policies that could serve to implement these principles. 2. European optimism in an uncertain world So let’s start with the present – with Europe’s current economic and political condition.