This initiative supports the advancement of financial literacy and capability programmes in low and middle‑income countries. With funding provided by the Ministry of Finance of the Russian Federation, the World Bank and the OECD have conducted methodological, analytical and policy work on financial literacy, capability and education.
In the years preceding the onset of the global financial crisis, the Central Bank of Russia (CBR) had two goals: to reduce inflation and limit the real appreciation of the rouble.
This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate.
This conference provided an international forum for discussion of the key policy issues related to implementation of the new, privately funded pension system in Russia and “best practice” regulatory and supervisory mechanisms used in OECD countries.
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A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.