Institutions with the participation of the Russian Federation

International (multilateral) development institutions are international organizations with the mission to promote the social and economic development of their member states in accordance with institute’s strategies, goals and objectives.
 

The development assistance is provided both by the implementation of development projects using institutes’ funding and expertise and by sharing the advanced knowledge through the use various tools.
 

In accordance with the Multilateral Development Bank Principles to Support Sustainable Private Sector Operations, which was endorsed by the Heads of MDBs at their meeting on April 21 2012 in Washington DC, there are five common core of multilateral development institutions’ operations:
 

1. Additionality – the institutions’ support should make a contribution that is beyond what is available, or that is otherwise absent from the market, and should not crowd out the private sector.
 

2. Crowding-in - the institutions’ support to the private sector should, to the extent possible, catalyse market development and the mobilisation of private sector resources.
 

3. Commercial Sustainability - the institutions’ support of the private sector and the impact achieved by each operation should be sustainable, both during and after their involvement. The institutions’ support must therefore be expected to contribute to the commercial viability of their clients.
 

4. Reinforcing Markets - multilateral development institute assistance should be structured to effectively and efficiently address market failures, and minimize the risk of disrupting or unduly distorting markets or crowding out private finance, including new entrants.
 

5. Promoting High Standards - the operations of the multilateral development institution should seek to promote adherence to high standards of conduct in their clients.
 

The Russian Federation is a member of more than 15 development institutions. Russia's interests in the governing bodies are represented by Government officials (with the exception of executive directors in the World Bank Group, European Bank for Reconstruction and Development) appointed by separate decisions of the President of the Russian Federation or the Government of the Russian Federation.

List of development institutions

World Bank Group
World Bank Group vsemirnyjbank.org/ru/home

The World Bank Group (WBG) works in major areas of development in 189 member states, providing a wide range of financial products and technical support, helping countries to share and implement innovative knowledge and solutions to the challenges they encounter.

European Bank for Reconstruction and Development
European Bank for Reconstruction and Development ebrd.com/ru/home.html

The European Bank for Reconstruction and Development (EBRD) invests in projects that contribute to the transition towards open market-oriented economies, as well as the development of private and entrepreneurial initiatives in 72 member states. The main instruments that the EBRD provides to its clients are loans, guarantees for trade development and equity investments.

Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank aiib.org/en/index.html

Asian Infrastructure Investment Bank (AIIB) is a multilateral development institution focused on stimulating financial cooperation in the Asian region, financing a variety of infrastructure projects, inter alia the construction of roads and airports and affordable housing. Currently there are more than 90 countries who have already joined the AIIB.

New Development Bank
New Development Bank ndb.int

The New Development Bank (NDB) is a multilateral development bank that focuses on financing infrastructure and sustainable development projects in BRICS member states and other developing countries. In accordance with its statutory documents, the NDB provides a wide range of financial instruments, including loans, guarantees, equity investments, technical assistance, etc.

Eurasian Development Bank
Eurasian Development Bank eabr.org

The Eurasian Development Bank (EDB) is an international financial institution, the mission of which is to promote the development of market economies and economic growth in its member states, expanding their trade and economic ties through investments. The EDB carries out the investment activities for the benefit of its member states’ social and economic development. EDB finances projects and programs, issues guarantees and invests in equity, provides advisory services, conducts research in the field of public and international finance, interacts with international organizations, governments, national institutions and economic entities of its member states and other governments that are interested in the EDB financing. One of the EDB's key activities is promoting integration processes among the EDB’s member states by structuring and implementing cross-border investment projects with a clear integration effect.

Black Sea Trade and Development Bank
Black Sea Trade and Development Bank bstdb.org/index.htm

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution that supports the development of its member states' economies. The BSTDB is focused on financing regional investment projects, providing other banking services for its clients and promoting regional trade. The Bank provides loans, guarantees, equity investments, trade finance instruments, participates in co-financing projects and provides other services in accordance with its mandate.

International investment bank
International investment bank iib.int/ru

The International Investment Bank (IIB) is a multilateral development bank the goal of which is to contribute to the economic growth, enhance the competitiveness of national economies, expand trade and economic relations, and facilitate trade connectivity and investment integration opportunities for the benefit of its member states. The IIB specializes in medium and long-term financing of projects and programs aimed at supporting social-economic development, population welfare and economic cooperation of its member states, including financing of small and medium-sized businesses through national financial institutions.

International Bank for Economic Co-operation
International Bank for Economic Co-operation ibec.int

The International Bank for Economic Co-operation (IBEC) is a multilateral financial institution, which goal is to promote the development of its member states’ economies, its foreign economic relations between economic entities, as well as the expansion of foreign trade relations with counterparties from other countries. The IBEC provides credit and settlement services to its clients by granting loans, placing and attracting deposits, issuing, buying and selling securities, participating in capital, providing bank guarantees, performing import and export payment and settlement operations, conversion and arbitrage operations, factoring, counselling, etc

Interstate Bank
Interstate Bank isbnk.org/ru

The Interstate Bank is an international banking settlement and credit institution, which mission is to promote economic integration and development of national economies of the CIS countries by settling a mechanism for cross-border payments in national currencies, lending for foreign trade operations of the CIS countries in national currencies, and participating in the implementation of projects of interstate importance.

Russian-Kyrgyz Development Fund
Russian-Kyrgyz Development Fund rkdf.org/

The Russian-Kyrgyz Development Fund (RKDF) is a development institution established by the Government of the Russian Federation and the Government of the Kyrgyz Republic to facilitate economic cooperation between the Russian Federation and the Kyrgyz Republic as well as to promote modernization and development of the Kyrgyz economy and contribute to the effective use of opportunities generating from the participation of both countries in the Eurasian economic integration.