Reference
The document has been prepared by the Ministry of Finance in accordance with clause 2 of the protocol of the meeting chaired by Prime Minister Dmitry Medvedev on 24 October 2012.
The directive is aimed at achieving the roadmap benchmarks, which are based on the indicators of the World Bank’s Doing Business ranking, the Global Competitiveness Report of the World Economic Forum, including the corporate governance indicators, and Russia’s and Moscow’s positions on major international rankings.
The roadmap also includes indicators measuring the demand for modern financial products and services by companies in the financial markets, and milestones marking the introduction of institutions and mechanisms to increase the availability of financial resources.
Implementation of the directive provisions will help increase the competitiveness of the Russian financial market by accelerating the development of the financial sector, increasing the volume and quality of financial products (services) available in Russia for Russian and foreign investors, attracting strategic and portfolio investments, eliminating price discounts for Russian financial assets relative to assets of other emerging markets, stepping up investment and business activity in the economy, and improving the long-term stability of the financial system in Russia.