World Bank Governor's Statement No. 14 - October 13, 2023 - Statement by Roman Marshavin

Jul 19, 2026

Statement by Roman Marshavin, Temporary Alternate Governor of the IBRD for the Russian Federation, delivered on behalf of Alexei Overchuk. The statement affirms support for the World Bank Group’s principles under the IBRD, IDA, IFC Articles of Agreement and the MIGA Convention, while urging the institutions to adhere to the legal requirement not to interfere in member states’ political affairs. It criticizes reduced quality of annual reports and financial statements and challenges the macroeconomic analysis for attributing global deterioration to Russia without comprehensive assessment of contributing factors.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages2

Reading Time5 min

World Bank Group support and legal principles

Critique of annual reports, financial statements, and macroeconomic analysis

Request to record opposition to reports and financial statements

Public Disclosure Authorized Public Disclosure Authorized World Bank Governor's Statement No. 14 October 13, 2023 Statement by the Hon. ROMAN MARSHAVIN, Temporary Alternate Governor of the IBRD for THE RUSSIAN FEDERATION Statement by the Hon. Roman Marshavin, Temporary Alternate Governor of the IBRD for the Russian Federation, on behalf of Alexei Overchuk, Deputy Prime Minister of the Government of the Russian Federation The Russian Federation expresses its support for the principles and goals of the World Bank Group as provided by the Articles of Agreement of IBRD, IDA, and IFC, as well asthe MIGA Convention. We urge the World Bank Group and its shareholders to adhere to the Articles of Agreement, which requires the World Bank Group not to interfere in the political affairs of any member. We also call on the Management of the institutions to exercise fairness and objectivity and refrain from political activity as prohibited by the founding documents of the World Bank Group organizations. The Russian Federation points to the reduced quality of the Annual Reports and Financial Statements of the IBRD, IDA, IFC, and MIGA due to the political references to Russia made in the documents. Furthermore, we note the weakening quality of the macroeconomic analysis by the institutions of the World Bank Group, related to the fact that the deterioration in global economic and financial conditions is attributed to Russia's actions, without conducting a comprehensive analysis of actual contributing factors, including the impact of illegal coercive measures and oppression of the Russianspeaking minorities in Ukraine by Ukrainian Nazi. This politically motivated and onesided anti-Russian approach undermines the credibility of the WBG analysis and fails to provide a balanced assessment of the complex global economic landscape. We insist on a more thorough examination of all relevant factors to ensure an accurate understanding of the challenges faced by the global economy. For the reasons described above, the Russian Federation would like to be recorded as opposing on the Annual Reports of the World Bank, IFC, and MIGA, as well as the Financial Statements of the IBRD, IDA, IFC, and MIGA.

FAQs

Who delivered the World Bank Governor’s Statement No. 14 and on whose behalf?

Roman Marshavin, Temporary Alternate Governor of the IBRD for the Russian Federation, delivered the statement on behalf of Alexei Overchuk.

What legal principles does the Russian Federation call for the World Bank Group to follow?

It calls for adherence to the Articles of Agreement and the MIGA Convention, including refraining from interfering in members’ political affairs.

Why does the statement oppose the World Bank Group’s annual reports and financial statements?

It cites reduced quality in reports and challenges the macroeconomic analysis for political framing and insufficient comprehensive assessment of contributing factors.

Jul 19, 2026

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