Programme

Following the shock of falling oil prices and sanctions in 2014–2016, the Russian economy has stabilized. The decline in GDP has turned into growth, the economy is now structured along healthier lines, and inflation is on its planned course although just a year ago, few people believed that 4% was attainable. The new challenge facing Russia is to ensure a rate of growth which exceeds the global average. What should be prioritized in development strategies? Where might a new driver for the economy be found? What changes to policy are needed, and what support measures could provide solutions for the current situation?

Moderator:
Nikolay Korzhenevsky , Anchor, Russia 24 TV Channel

Nikolay Korzhenevsky

Anchor, Russia 24 TV Channel

Mr. Korzhenevsky earned his Master’s degree at State University – Higher School of Economics (Moscow, Russia) and had internship at Stanford University (California, USA). He specialises mainly in international finance; the core area of his academic interests is the interrelationship between financial markets and macroeconomic processes. He worked as author and presenter of the Markets programme on RBC-TV and later as Deputy Director of the Centre for Economic Forecasts, Gazprombank. Since 2013, Mr. Korzhenevsky has been author and presenter of the programme Economics: Day Rates on TV Channel Russia-24, which is devoted to key macroeconomic and financial topics of the day. He also highlights the main economic events (Davos Forum, SPIEF). In parallel he is working on his thesis Contemporary Methods of Monetary Policy and the Implicit Function of Central Banks. He is also continuing his academic activities at the HSE.

Panellists
Kristalina Georgieva , Chief Executive Officer, World Bank Group
Alexey Kudrin , Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation
Elvira Nabiullina , Governor, Central Bank of the Russian Federation
Maxim Oreshkin , Minister of Economic Development of the Russian Federation
Anton Siluanov , Finance Minister of the Russian Federation

Kristalina Georgieva

Chief Executive Officer, World Bank Group

Kristalina Georgieva is the Chief Executive Officer for the World Bank (International Bank for Reconstruction and Development and the International Development Association). Georgieva’s role is to build support across the international community to help mobilize resources for poor and middle-income countries and develop more effective solutions for the poor at the scale required. Previously, Georgieva, a Bulgarian national, helped shape the agenda of the European Union, first as Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, managing one of the world's largest humanitarian aid budgets, and later as Vice President for Budget and Human Resources, in charge of the European Union's €161 billion (US $175bn) budget and 33,000 staff around the world. Before joining the European Commission, Georgieva held multiple positions at the World Bank, including, most recently, Vice President and Corporate Secretary (2008-2010), and from 2007 to 2008, Director for Sustainable Development in charge of 60 percent of the World Bank’s policy and lending operations.

Alexey Kudrin

Chairman of the Board, Center for Strategic Research Foundation; Deputy Chairman, Economic Council under the President of the Russian Federation

Alexey Kudrin is currently Dean of School of Liberal Arts and Sciences of St. Petersburg State University. Since May 2000 till September 2011 he served as Finance Minister of Russia. His financial policies received international recognition; he was named "Finance Minister of the Year 2004" by The Banker magazine and "Finance Minister of the Year 2010" by Euromoney magazine. In years 2000-2003 and 2008-2011 Alexei Kudrin also held the post of Deputy Prime-Minister. In 2005 he was awarded the Order of Merit for the Fatherland.Before joining the government, Alexei Kudrin worked for Saint-Petersburg City government, holding positions of Deputy Mayor of St. Petersburg and Chairman of the Committee for Economy and Finances.Alexei Kudrin has academic degree of Candidate of Economic Sciences (PhD in Economics). He is professor, author of more than 30 research papers and articles on economics and finance, delivering lectures in many universities and colleges around the globe and providing his expertise to the government of Russia.

Elvira Nabiullina

Governor, Central Bank of the Russian Federation

Education: 1986: Graduated from the Economics Faculty of the M.V. Lomonosov Moscow State University. 1991–1992: Chief specialist in the Directorate on Economic Reform of the Standing Committee of the USSR Scientific and Industrial Union Board, Moscow. 1992–1994: Chief specialist, consultant for the Directorate of the Russian Union of Industrialists and Entrepreneurs on Economic Policy Issues. 1994–1994: Adviser at the Expert Institute of the Russian Union of Industrialists and Entrepreneurs. 1994–1995: Deputy Head of the Economic Reform Department — Head of the Division for State Regulation of Economy of the Russian Federation Ministry of Economy. 1995–1996: Deputy Head of the Economic Reform Department of the Russian Federation Ministry of Economy. 1996–1997: Head of the Economic Reform Department of the Russian Federation Ministry of Economy, member of the Ministry’s Board. 1997–1998: Deputy Minister of Economy. 1998–1999: Deputy Chairperson of the Promtorgbank Board. 1999–1999: Executive Director of the Eurasian Ratings Service. 1999–2000: Vice President of the Centre for Strategic Research Foundation. 2000–2003: First Deputy Minister of Economic Development and Trade of the Russian Federation. 2003–2005: President of the Centre for Strategic Research Foundation. 2005–2007: Head of the Expert Council of the Organising Committee for Russia’s Presidency of the G-8 in 2006, Head of Research at the Centre for Strategic Research. On September 24, 2007, appointed Minister of Economic Development and Trade of the Russian Federation. From May 12, 2008: Minister of Economic Development of the Russian Federation. May 2012—June 2013: Aide to the President of the Russian Federation. From June 2013: Governor of the Bank of Russia. Member of the Bank of Russia Board of Directors according to Article 15 of the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”. On the allocation of duties between the Bank of Russia Governor and Deputy Governors.

Maxim Oreshkin

Minister of Economic Development of the Russian Federation

Born on the 21 July 1982 in Moscow. In 2004 graduated from Higher School of Economics (Masters in Economics). 04.2002 – 06.2006 – serve in various capacitites at the Central Bank of the Russian Federation. 07.2006 – 07.2010 – serve in various capacitites at Rosbank, Société Générale group. 07.2010 – 06.2012 – Head of Research on Russia and CIS at Crédit Agricole CIB. 06.2012 – 08.2013 – Chief Economist for Russia at VTB Capital. 09.2013 – 03.2015 – Head of the long-term strategic planning department at the Ministry of Finance of the Russian Federation. 03.2015 – 11.2016 – Deputy Minister of Finance of the Russian Federation. From 30 November 2016 – Minister of Economic Development of the Russian Federation.

Anton Siluanov

Finance Minister of the Russian Federation

Born April 12, 1963 in Moscow. Education: Higher. D. Sc. (Economics) Speaks German 1985: Graduated from Moscow Finance Institute specialising in Finances and Credit. 08.1985–03.1987 – RSFSR Ministry of Finance, economist, senior economist. 03.1987–05.1989 – Served in the Soviet Army. 05.1989–01.1992 – RSFSR Ministry of Finance, leading economist, category 1 economist, leading economist, deputy head of subdepartment, consultant. 02.1992–02.1992 – Ministry of Economics and Finance of the Russian Federation, deputy head of department. 02.1992–10.1997 – Ministry of Finance of the Russian Federation, deputy head of Budget Management Department, head of department, deputy head of Budget Department. 10.1997–07.2003 – Ministry of Finance of the Russian Federation, head of Macroeconomic Policy and Banking Department; from 22.03.2001 member of the Ministry of Finance Board. 07.2003–05.2004 – Deputy Minister of Finance of the Russian Federation. 05.2004–12.2005 – Director of Inter-budgetary Relations Department. 12.2005–09.2011 – Deputy Minister of Finance of the Russian Federation. 09.2011–12.2011 – Acting Minister of Finance of the Russian Federation. Since 12.2011 – Minister of Finance of the Russian Federation. 2001 – awarded certificate of merit of the Ministry of Finance of the Russian Federation. 2002 – received Gratitude of the President of the Russian Federation. 2002 – received Gratitude of the Ministry of Finance of the Russian Federation. 2013 – received order “For services to the Homeland” Grade III.