MOSCOW, June 2, 2021 – Today, World Bank Group President David Malpass met with Prime Minister Mikhail Mishustin of Russia. President Malpass and Prime Minister Mishustin held constructive talks regarding the World Bank’s evolving relationship with Russia, Russia’s transition to a lower-carbon economy, and Russia’s support for the world’s poorest countries through IDA.
President Malpass and Prime Minister Mishustin discussed joint preparation of one of the Bank’s first Country Climate and Development Reviews for Russia. President Malpass highlighted the global importance of addressing both COVID-19 and climate change and noted that the World Bank is actively engaged with many of Russia’s neighbors on development and climate. They also discussed progress made in developing the World Bank-Russian Federation Development Knowledge Exchange Program and Platform.
President Malpass and Prime Minister Mishustin discussed unsustainable debt burdens in the poorest countries, Russia’s role in the Paris Club of creditors, and the need for transparency and comprehensive debt treatment.
President Malpass also appreciated Prime Minister Mishustin’s presentation on Russia’s whole of government approach to implementing National Development Goals and federal taxation.