ABSTRACT
This chapter addresses the role of the foreign aid for economic growth in Russia, including both foreign debt and the IMF debt. In order to assess the role of the IMF in initiating economic growth and overcoming the poverty trap, this chapter considers the inflow of foreign financial resources into the Russian economy that takes place over the last three decades. This chapter considers such key macroeconomic indicators as foreign debt and nominal GDP, public and private foreign debt, and the IMF debt, carried by the Russian economy, during the period of 1990 to 2022. The dynamic of the IMF debt in Russia is compared with total foreign debt, public medium- and long-term foreign debt, and private medium- and long-term foreign debt and considered in the context of changes in nominal GDP and major economic trends observed in Russia in general. Foreign aid in a broad sense, including foreign loans and the IMF loans, do not play a deterministic role in the process of initiating and sustaining economic growth in the Russian economy.
