The OECD Working Group on Bribery has serious concerns regarding Russia’s continued failure to implement key legislative reforms to enable it to effectively investigate, prosecute and sanction the offence of foreign bribery.
In 2016, preliminary data show that ODA reached USD 1.0 billion (0.08% of GNI). In 2015, the Russian Federation’s net ODA amounted to USD 1.2 billion compared to USD 876 million in 2014, an increase of 95% in real terms. The ratio of ODA as a share of GNI rose from 0.05% to 0.09%.
As part of continuing efforts to boost transparency by multinational enterprises (MNEs), Gabon, Hungary, Indonesia, Lithuania, Malta, Mauritius and the Russian Federation have now signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA), bringing the total number of signatories to 57. Lithuania and Hungary joined the Agreement in October and December 2016 respectively.
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A two-page OECD summary and analysis of the Services Trade Restrictiveness Index results for The Russian Federation.
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The sharp fall in global oil prices has contributed to a prolonged recession in the Russian Federation, along with geopolitical uncertainties. While growth is projected to turn positive again in 2017, the recovery is expected to be slow.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
The 2015 annual meeting of the OECD Russia Corporate Governance Roundtable took place in Moscow on 22 October. The discussions focused on implementation and monitoring of the 2014 Russian Code of Corporate Governance, corporate governance priorities of investors for the Russian market and the new G20/OECD Corporate Governance Principles.