Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
20.05.2011

Statements of Director of the International Finance Affairs of Ministry of Finance of the Russian Federation A.Bokarev

 

Russia provided $472.32 mln in official development assistance in 2010

MOSCOW. May 20 (Interfax) - Russia provided $472.32 million in official development assistance (ODA) in 2010, Andrei Bokarev, the head of the Finance Ministry's international financial relations department, told journalists at a presentation of a report on implementation of G8 decisions on ODA.

Russia provided $785 million in ODA in 2009.

Russia is targeted with providing $500 million in such assistance each year. "There will be no decline compared with 2010," he said. "The situation might develop in different ways. There might be a situation that demands an extraordinary response and a substantial increase in the volume of assistance provided, both on a bilateral and multilateral basis," he said.

Russia provided more ODA in 2009 due to the greater need during the crisis. The situation stabilized in 2010, allowing Russia to return to a more programmatic approach.

The amount of assistance Russia provides is growing faster than other G8 countries, the Foreign Ministry's Vadim Lukov said. Russian ODA was about $422 million a year in 2007-2010, compared with $101 million in the three preceding years. "It is the highest growth rate among the G8 countries," he said.

Despite the increase in recent years, "we, and many of our partners in the G8, are still a long way from the level of the 1960s and 1970s, when annual assistance amounted to 0.7% of gross national product," Bokarev said.

Nonetheless, Russia remains the G8 country with the lowest ODA total, he said.

 

Russian contribution to global food security in 2011 could total $100 mln

MOSCOW. May 20 (Interfax) - Russia's contribution to global food security efforts in 2011 is expected to remain near last year's level, $98.2 million, the head of international financial relations at the Finance Ministry, Andrei Bokarev, told journalists on Friday during a presentation of a report on implementation of G8 international development initiatives.

Russia provided $23 million in food security assistance at the end of April.

"The total might increase. Supplementary decisions might be made, including providing food assistance, emergency assistance in the event of a natural disaster," Bokarev said. The schedule for Russia's food security payments is agreed quarterly.

The G20 is assuming a substantial food security role for itself, he said. The G20 summit in Cannes this November will see approval of a food security plan. In addition, the G20 agriculture ministers will meet in one month to discuss those issues. "This means drafting measures to regulate and monitor speculative transactions on the market in food goods, strengthening the system for forecasting harvests," he said, adding that Russia will likely have a host of proposals on that score.

Food security will also be discussed at the G8 summit in Deauville.

Since the beginning of 2009, Russia has provided a total of $198.1 million in food security assistance.

 

$472M Spent on Foreign Aid in 2010

 The Moscow Times

Russia spent more than $80 million in 2010 to improve health care in developing countries, according to a report the Finance Ministry released Friday.

The report highlights how the country is meeting its G8 commitments ahead of the upcoming summit in Deauville, France.

"Health has become for Russia quite a traditional area for contributing to international development," said Andrei Bokarev, head of the Finance Ministry's international financial relations department.

Russia's contributions to G8 initiatives have helped pay for vaccine research and subsidies, as well as upgrades to 10 anti-epidemic response teams that could be used in humanitarian emergencies.

The G8 funnels its vaccine assistance through the Advance Market Commitment initiative, which claims "to stimulate industry investment in global health product development." Russia pledged to pay $80 million into the initiative by 2018 and has already disbursed $16 million.

The first Russia-subsidized vaccines were delivered to Nicaragua, Kenya, Yemen, Congo and Guyana at the beginning of 2011, Bokarev said.

The report also lists food security as a main priority. According to the report, Russia spent $98.2 million last year to train farm specialists and supply technology and resistant seed cultures to Africa. This year's spending on food security is expected to stay the same, Bokarev said.

G20 countries plan to approve a food security strategy in Cannes this November.

Russia's contribution to international assistance programs is growing faster than that of its G8 partners, said Ambassador-at-Large Vadim Lukov. The country funded roughly $432 million per year between 2007 and 2010, compared with the $101 million it had paid annually in the three years prior, Lukov said.

"It is the highest growth rate among the G8 countries," Lukov said. "Whereas for the other donors — our Western partners — the main task right now is to maintain the levels they've already reached."

But Bokarev did not overplay Russia's role in the G8 initiatives. The country is still the smallest donor despite the higher growth rate, he said.

"We are still far, as are many of our partners in the G8, from the achievements of the levels made in the 1960s and 1970s when annual assistance amounted to 0.7 percent of gross national product," Bokarev said.

Russia spent a total of $472.32 million on international development assistance in 2010, nearly meeting its annual target rate of $500 million. This is down from the $785 million given in 2009 due to greater domestic needs during the global financial crisis, Bokarev said.