The Russian Federation entered the global financial and economic crisis strong and emerged from it stronger than most. The prudent macroeconomic management of the country’s natural resources protected it from the worst effects of the economic downturn. A strong countercyclical package financed through revenues from oil and gas helped keep unemployment and poverty in check.
The Country Partnership Strategy (CPS) will support Russia's efforts to (i) increase growth and diversification through better management of public finances, improved investment climate and innovation, stronger financial sector, better infrastructure, and more effective protection of the environment; (ii) expand human potential by strengthening skills and social services through improvements in education, health, and social protection; (iii) deepen Russia's global and regional role related to its aspirations as a donor and the provision of global public goods; (iv) and improve governance and transparency through more accountability and better service standards in public administration, procurement, and financial management.
World Bank. Document Date: 2011/11/18.Document Type: Country Assistance Strategy Document. Report Number: 65115.Volume No: 1 of 1
