Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
MOSCOW, May 12. /TASS/. Attempts of the World Bank to "play geo-economic games" and put political tasks above economic ones may result in a growing interest of the world community to alternative economic institutions, the Russian Foreign Ministry said on Tuesday.
"We have to state with regret that six Russian projects have been ‘stalled’ in World Bank structures," it said, drawing attention to the fact that two of them were purely humanitarian projects for children and disabled people.
"Their theme is fully in line with the World Bank tasks to achieve the Millennium Development Goals," the ministry added.
The ministry cited WB articles of agreement as saying "The Bank and its officers shall not interfere in the political affairs of any member, nor shall they be influenced in their decisions by the political character of the member of members concerned Only economic considerations shall be relevant to their decisions… "
Among the alternative institutions it cited the Asian Infrastructure Investment Bank and the New Development Bank among others.