Report of the World Bank
Russian Federation Systematic Country Diagnostic: Pathway to Inclusive GrowthJanuary 12, 2017, 09:30 – 11:30, Building 6, 1st Floor, Small Assembly Hall
The Comprehensive Diagnostic Study identifies the greatest challenges facing Russia and available opportunities within the framework of efforts taken in this country to develop a new development path and to secure sustained economic growth. The report analyses the key factors limiting productivity growth, such as continuing problems in investment environment, lack of competition, physical and non-physical barriers to the development of infrastructural links, a relatively low potential for corporate innovations, and the gap between the available skilled workforce and labor market needs. In addition, the report dwells on the opportunities to further strengthen Russia's human capital through improvements in health indicators, as well as the quality and relevance of education. Finally, it identifies three key preconditions for achieving a higher economic growth trajectory, such as improving public administration, reform of the budget system, and improving management of Russia’s vast natural resources. Though the report focuses on the diagnosis, it also contains a set of recommendations that can help remove the above obstacles.
A comprehensive diagnostic study prepared by the World Bank Group in broad consultation with numerous partners, including federal and regional authorities, educational and research institutions, the business community, civil society organizations and other stakeholders.
Director, Research, Gaidar Institute for Economic Policy
Vice President, Europe and Central Asia, World Bank
Deputy Chief Economist, the World Bank
First Deputy Governor, Central Bank of the Russian Federation
Head, Laboratory for Structural Research, RANEPA
Director, Budgetary Policy and Strategic Planning Department, Ministry of Finance of the Russian Federation
Director, Institute of World Economy and International Relations (IMEMO), Russian Academy of Sciences
Head, Executive Board, Eurasian Development Bank