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

Abstract

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.