Russian President Dmitry Medvedev will on Wednesday hold a meeting on the social and economic development of the North Caucasus republic of Dagestan, the presidential press service reported.

The strategy of the North Caucasus Federal District's social and economic development is being drafted now, and a number of Dagestani projects have been included into it. A special working group is being set up. Implementation of the projects will resolve the unemployment problem in the region.

Last week Medvedev spoke by phone to Dagestani president Magomedsalam Magomedov, who informed the Russian leader of the situation in Dagestan's mountainous regions, where a number of villages were affected by wildfires.

Medvedev instructed the government to prepare compensation for residents of the Dagestani village of Anchikh, where 55 houses out of 646 burned down on August 5.

Wildfires, sparked by weeks of abnormally high temperatures in central Russia, are raging across the country. More than 50 people have died in the fires. Some 2,000 houses have burned down, leaving 3,500 Russians without a roof over their heads.

The wildfires have severely damaged the Russian economy, with the estimated short-term loss of $15 billion.

The Russian president holds meetings on the development of North Caucasus and other regions on a regular basis.

SOCHI, August 11 (RIA Novosti)