United Nations Development Programme

Russian Federation

Poverty Reduction and Economic Development

Through the Millennium Declaration and the Millennium Development Goals the world is addressing the many dimensions of human development, including halving by 2015 the proportion of people living in extreme poverty. The MDGs are an eight-point road map with measurable targets and clear deadlines for improving the lives of the worlds poorest people. World leaders have agreed to achieve the MDGs by 2015. Developing countries and countries in transition are working to create their own national poverty eradication strategies based on local needs and priorities.

UNDP advocates for these nationally-owned solutions and helps to make them effective through ensuring a greater voice for poor people, expanding access to productive assets and economic opportunities, and linking poverty programmes with countries' international economic and financial policies. At the same time, UNDP contributes to efforts at reforming trade, debt relief and investment arrangements in order to support national poverty reduction and make poor people benefit from the effects of globalisation. In doing so, we sponsor innovative pilot projects; connect countries to global best practices and resources; promote the role of women in socio-economic development; and bring governments, civil society and outside funders together to coordinate their efforts.

UNDP promotes the concept of human poverty as a complement to income poverty, emphasizing that equity, social inclusion, women's empowerment, and respect for human rights matter for poverty reduction.

The Russian Federation continues reaping the benefits of increasing economic and political stability. Its international role as a donor country is constantly strengthening. Russia is increases its contribution to global development initiatives and its capacity to provide for the effective development. After the onset of the world economic crisis followed by a severe economic recession, it has become particularly important that Russia continues its efforts aimed at poverty reduction and sustainable development.

However, the economic growth has been uneven, and underinvestment in capital assets, technology, and infrastructure poses challenges to the sustainability of long-term economic development. Further diversification of both exports and incomes structure, the development of knowledge-based economy and increased investment, are vital for the country.

UNDP Russia connects the country to global best practices and resources, bringing together the efforts of government institutions, civil society, and other partners. By this, it contributes to the development of an appropriate framework for the establishment of a favourable investment climate, promotion of modern technologies, infrastructure development, training and retraining of personnel, improvement of social conditions with special emphasis on vulnerable groups of population.

To enhance sustainable social and economic development in Russia, two five-year projects were launched in 2009 to (1) promote private sector engagement in addressing Russias development challenges by involving Russian business in the UN Global Compact and (2) develope public-private partnerships together with Vnesheconombank.

In addition, UNDP Russia continues promoting the Human Development concept by initiating and supporting the preparation of national and sub-national Human Development Reports and Human Development to education to ensure its application in social and economic strategy planning targeted at the sustainable development of the country.