Russia : Development Policy Review

The objective of this report is to provide an assessment of the development objectives before the Russian Federation. To that end, this report assesses: 1) development outcomes and prospects, and 2) the extent to which the Government has been able...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Development Policy Review (DPR)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ADMINISTRATIVE CAPACITY AGRICULTURE AUTONOMY BALANCE OF PAYMENTS BANKING SECTOR BANKING SYSTEM CAPACITY BUILDING CAPITAL FLOWS CAPITAL NEEDS CASH COLLECTIONS CENTRAL BANK CENTRALIZATION CITIZENS CIVIL SERVICE CIVIL SERVICE REFORMS COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CORPORATE GOVERNANCE CORRUPTION CPI DEBT DEBT SERVICE DECISION-MAKING DEMOCRATIC RIGHTS DEMOGRAPHICS DEREGULATION DEVALUATION DEVOLUTION DISINFLATION ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC REFORM ELECTRICITY EMPLOYMENT ENTERPRISE RESTRUCTURING EVASION EXCHANGE RATE EXPENDITURE EXPORTS FARMS FEDERAL GOVERNMENT FEDERALISM FINANCIAL ACCOUNTABILITY FINANCIAL CRISIS FINANCIAL DISCIPLINE FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FISCAL FISCAL COSTS FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL POLICY FISCAL PRESSURES FISCAL REFORMS FISCAL STANCE FISCAL SUSTAINABILITY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENT FOREIGN RESERVES GDP GOOD GOVERNANCE GOVERNMENT EFFORTS GOVERNMENT OFFICIALS GOVERNMENT'S REFORM PROGRAM GROSS DOMESTIC PRODUCT HARD BUDGET CONSTRAINTS HEALTH SERVICES HOUSING HUMAN CAPITAL INCOME INFLATION INSTITUTIONAL REFORMS INSURANCE INTERGOVERNMENTAL FISCAL RELATIONS INTERGOVERNMENTAL TRANSFERS INVESTMENT CLIMATE JUDICIARY LABOR MARKET LABOR MARKET FLEXIBILITY LABOR SHEDDING LACK OF ACCOUNTABILITY LAWS LEGISLATION LEVELS OF GOVERNMENT LICENSES LIQUIDITY LOBBYING LRMC M2 MACROECONOMIC MANAGEMENT MARGINAL COST MERITOCRACY MINISTERS MONETARY POLICY MONOPOLIES MUNICIPALITIES NATIONAL INCOME NATURAL RESOURCES OIL OIL PRICES OPERATING COSTS PAYMENTS ARREARS PAYROLL TAXES PENSIONS POLICY ENVIRONMENT POLITICAL ECONOMY POLITICAL ELITE PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATE SECTOR GROWTH PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PUBLIC ACCOUNTABILITY PUBLIC ACTION PUBLIC ADMINISTRATION PUBLIC EMPLOYMENT PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR FINANCE PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR WAGES PUBLIC SERVICE PUBLIC SERVICES RATIONALIZATION REGULATORY FRAMEWORK RETIREMENT REVENUE SOURCES RISK MANAGEMENT SAVINGS SOCIAL ECONOMY SOCIAL INFRASTRUCTURE SOCIAL INSURANCE SOCIAL MITIGATION SOCIAL OBLIGATIONS SOCIAL PROTECTION SOCIAL SAFETY SOCIAL SAFETY NET SOCIAL SAFETY NETS STATE BANKS SUBNATIONAL GOVERNMENTS SUSTAINABLE GROWTH TAX TAX ADMINISTRATION TAX ARREARS TAX BURDEN TAX PAYMENTS TAX POLICY TAX REFORMS TAXATION TRANSITION ECONOMIES TRANSPARENCY TREASURY TROUGH UNEMPLOYMENT UNFUNDED MANDATES WAGES WELFARE SYSTEM WORLD TRADE ORGANIZATION
Online Access:	http://documents.worldbank.org/curated/en/2003/06/2438497/russia-development-policy-review http://hdl.handle.net/10986/13874

Description
Summary:	The objective of this report is to provide an assessment of the development objectives before the Russian Federation. To that end, this report assesses: 1) development outcomes and prospects, and 2) the extent to which the Government has been able to implement its social and structural reform program. The analysis and recommendations herein draw on knowledge acquired through various World Bank activities in Russia as well as on sources external to the World Bank. The report is organized as follows: Chapter 1 discusses development outcomes and prospects, which provides background for the report. Chapter 2 focuses on improving the investment climate by reducing energy subsidies, imposing a payments discipline, and strengthening corporate governance as part of the enterprise restructuring process. Incentives propounded to encourage the growth of small and medium enterprises would include improving the business environment, reforming tax policy, strengthening the financial sector, reforming infrastructure monopolies, promoting competitiveness, improving labor market flexibility, and promoting rural investments. Chapter 3 identifies key macroeconomic challenges and risks. Chapter 4 examines the framework for enhancing human capabilities and protecting vulnerable groups. Finally, Chapter 5 elaborates the steps to be undertaken to reform public sector management, including improving intergovernmental fiscal relations, public financial management, tax and customs administration, civil service, and the justice system.

Russia : Development Policy Review

Similar Items