Russia accelerates reforms pace to improve business climate.
Russia is a vast, resource-rich country, with immense diversity. After a period of high and inclusive economic growth in the first decade of the 2000s, growth dynamics in Russia have weakened since 2012, as second generation structural reforms have advanced more slowly. According to World Bank's Country Diagnostic, Russia needs to address key constraints to productivity growth.
The main objective of the project is to assist the Russian Federal Service on Hydrometeorology and Environmental Monitoring to further enhance the national capacity to deliver reliable and timely weather, hydrological and climate information.
The medium-term growth forecast for Russia has been slightly increased following higher exports and a somewhat stronger-than-expected recovery of domestic demand. Compared to the forecast from spring 2017, growth estimates have been upgraded to 1.7 percent, 1.7 percent and 1.8 percent in 2017, 2018, and 2019, respectively. Read more...