" The big seven " will block the projects of the world Bank in RF

The countries of " the Big seven " will oppose the approval of the world Bank of new projects in the Russian Federation, informed sources say. This decision was made by the Deputy Finance Ministers of the G7 in the process held last week conference call. G7 have more than 40% of votes at the world Bank and, thus, are able to block the approval of projects by the Board of Directors of the Bank. First of intention not to support projects of the world Bank in Russia told the United States and Canada, with 20% of the vote. We emphasize that At present under consideration by the world Bank are 9 projects in the Russian Federation for a total amount of $1, 34 billion, and among them in the field of preschool education and to improve energy efficiency. In the stage of realization and pay - 10 projects for a total amount of $668 million, of this amount, as long as allocated no more than half. The leadership of the world Bank for the last period of time spoke about the intention to maintain lending to projects in Russia and Ukraine, despite the expansion of Western sanctions." we have good relations with Ukraine and Russia. We will continue to provide assistance and meetings both countries on issues concerning the fight against poverty, " stated not so long ago the head of the Bank's Jim Yong Kim. He noticed that the Charter of the international organization forbids her to interfere in politics. The loans will be at the time stopped " only in case of danger joint projects, " He added.


sections: Politics