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Russia may take part in IMF aid projects for undeveloped countries

November 09, 2011, 12:27 UTC+3
Russia has not ruled out its participation in the International Monetary Fund’s projects on financial assistance to less developed countries
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MOSCOW, November 9 (Itar-Tass) — Russia has not ruled out its participation in the International Monetary Fund’s projects on financial assistance to less developed countries, the Kremlin’s top economic advisor, Arkady Dvorkovich, said on Wednesday.

He noted that IMF Chief Christine Lagarde during her visit to Moscow early this week “held the talks with the Russian Finance Ministry on Russia’s participation in an IMF mechanism of aid to less developed countries that is being created.”

“The talks were about Russia’s investment of several hundreds of millions of dollars, this is not beyond the volumes that we’ve determined,” he said.

“We do not rule out our participation in such a mechanism,” he said underlining that “this concerns only those terms that we’ve agreed on.”

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