A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Corruption and COVID-19

In this article, the IMF experts will explain how international economic recession caused by the COVID-19 pandemic, has influenced implementation of a stricter anti-corruption policy.

The IMF did not ignore anti-corruption efforts during coronavirus pandemic, and highly recommended to bear all costs required to satisfy all immediate needs in the current setting of containing the COVID-19, provided that the countries shall keep and record appropriate expenditure certificates. In this regard, according to the IMF requirements, all countries that had applied to the IMF for financial aid to take measures to contain the COVID-19 and remedy its impact, assumed obligations to carry out independent audits and publish the results and respective purchase contracts with specification of companies, beneficiaries, etc.

Effective anti-corruption efforts require proper state responsibility for reforms gradually introduced over several years, international cooperation, cooperation between the government, citizens and private sector, and national will of the countries. Devastating pandemic impact demanding substantial costs, provides for paramount necessity in anti-corruption reforms and outlines significance of adequate and reasonable governance in general.

For more information about construction as a sector with a sizeable share in many economies, rising level of digitalization, and shifts in consumer sentiment in real estate, please see the COVID-19, Supervision and controls, Legal regulation and StayHomeEconomy.