Leshchenko J.G., Bolonina S.E.Published in:
Journal of International Economic Affairs
– Volume 9, Number 1 (January-March 2019)

JEL classification: E58, F30, F52, F53

Keywords: Bank of Russia international reserves, foreign economic security, internal and external threats, international financial and economic organizations, mechanisms to ensure foreign economic security, monitoring, national interests and priorities, Russian Federation, socio-economic development


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Abstract:

In this work, the authors reveal the essence of theoretical approaches to the improvement of mechanisms for ensuring the external economic security of Russia in international financial and economic organizations. The analysis of the existing methodological approaches to assessing the level of foreign economic security of the country. The main directions for the implementation of the internal economic and external economic mechanisms to ensure the security of the state are defined. The classification of international financial and economic organizations is given in accordance with the organizational principle, multilateral regulation and according to the spheres of international economic relations. Criteria for a comprehensive assessment of Russia\'s participation in international financial and economic organizations are proposed. In the course of the study, the main factors of the evolution of foreign economic security were identified and a set of measures to improve the mechanisms for ensuring foreign economic security was based on an analysis of factors containing the effectiveness of the participation of the Russian Federation in international financial and economic organizations. In conclusion, the authors came to the following conclusions:  cooperation with international financial and economic organizations in the aspect of ensuring foreign economic security should be based on relevant agreements, programs, consistent with the concepts and strategies of the Russian Federation;  the basis for cooperation should be a clear definition of the role of each of the parties;  the concept of cooperation should be focused on reducing inefficiently used loans, and borrowed resources should be focused on the implementation of large investment projects of national importance;  information on the nature and scope of cooperation agreements should be accessible to both government departments and the general public;  the state policy of cooperation of Russia with international financial and economic organizations should be focused on the effective use of opportunities and advantages offered by membership in international financial and economic organizations;  each of the areas of cooperation of Russia with international financial and economic organizations under consideration should be designed to promote the social and economic development of the state. The results of the study can find practical application in the activities of the Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation, which officially interact with key international financial and economic organizations.

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