# New Partnerships in Global Development Finance

## Moscow International Conference, February 17-18, 2010

## Ministry of Finance
of the Russian Federation

www.minfin.ru
With support of The World Bank
and the Organization for Economic
Cooperation and Development

## Russia increases financial aid to emerging countries in 2009

RosBusinessConsulting

Russia increased its support for emerging countries from $220m in 2008 to a whopping $800m in 2009, Deputy Prime Minister and Finance Minister Alexei Kudrin announced at a press conference today. He indicated that during the crisis, Russia was able to create a new mechanism for emerging countries' support as part of the Eurasian Economic Community (EurAsEC) by forming an anti-crisis fund within the organization in the amount of $10bn. Russia, as a member of EurAsEC, contributed $7.5bn. "Some of this money is being transferred to support low-income countries," Lavrov stated.