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ИД «Финансы и кредит»






National Interests: Priorities and Security

The Russian Federation and the International Monetary Fund: Prospects for financial relations at the present stage

Vol. 19, Iss. 3, MARCH 2023

Received: 19 September 2022

Received in revised form: 13 November 2022

Accepted: 18 January 2023

Available online: 15 March 2023


JEL Classification: F33, F35, F55, F65, G15, G21

Pages: 562–577


Anton V. NAVOI Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject. This article explores the evolution of the International Monetary Fund's role in the regulation of monetary and credit relations.
Objectives. The article aims to analyze the approaches of the International Monetary Fund to the conducting lending transactions and to the formation of the funding base.
Methods. For the study, I used general scientific research methods.
Results. The article finds that the International Monetary Fund has changed its approach to the formation of the loan portfolio. Major developing countries get increasingly involved in the funding of financial transactions, still, they are not given any ancillary decision-making rights.
Conclusions. Russia's participation in financial transactions of the International Monetary Fund does not meet the primary objectives of the country's economic development.

Keywords: world economy, globalization, polycentrism, developing countries, international financial organizations, international credit, cross-border capital flow, external reserves, IMF, UN


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ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

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Vol. 19, Iss. 3
March 2023