|Number of active projects||6|
|IBRD net commitments||$496 million|
The World Bank conducts research and analysis and provides policy advice and capacity development on critical topics for Russia’s economic and social development at the federal and regional levels. Focus of the World Bank’s support includes areas, such as the investment climate, green finance, healthcare, education, including early childhood development and skills, social protection, and community-driven development and participatory budgeting. Ongoing projects support the improvement of basic service delivery at the local level, increased financial literacy, and the protection of environment.
Russia is an important development partner for the World Bank Group. Our partnership with the Russian government helps bring their knowledge and financial resources to benefit other countries around the world. Since 2007, Russia has pledged $896 million to IDA. Russia has also contributed $279 million across 24 World Bank-administered trust funds in support of education, small- and medium-enterprise development, public finance management, and other development areas in countries across Europe and Central Asia, Africa, and the Middle East. Russia has pledged $438 million to eight Financial Intermediary Funds, which tackle global development challenges, such as HIV/AIDS; Tuberculosis and Malaria; debt relief; environment protection; women entrepreneurship, and governance and public institutions in MENA countries under transition. Russia most recently pledged $US3 million to the Green Climate Fund.
The World Bank’s Advisory Services and Analytics program is organized under two broad themes:
I. Growth and competitiveness, which focuses on macroeconomic and fiscal management, labor market informality, productivity, investment climate, SME development, trade integration, agriculture, and digital economy; and
II. Human capital, poverty, and shared prosperity, which focuses on education, including early childhood development, integrated healthcare, and social protection.
Many activities are delivered as Reimbursable Advisory Services (RASs). The RAS portfolio includes activities on investment climate, statistics, healthcare, education and skills, social protection, and community-driven development and participatory budgeting.
The knowledge program is delivering results. The Local Initiatives Support Program (LISP) has helped boost citizens’ participation in municipal decision-making. Citizens, working together with municipal authorities, identify and prioritize small scale infrastructure projects that address specific community needs. This has led to more effective use of local budgets and quicker implementation of projects.
The LISP program started in the region of Stavropol krai 14 years ago. Today LISP is a national program, covering about one-third of Russia’s 80-plus regions. More than 12,000 participatory projects have been implemented, benefiting over 7.5 million people. On average 20 percent of all projects has been co-financed from regional business and local community resources.
Last Updated: Apr 16, 2020