Ministry of Finance of the Russian Federation

The Ministry of Finance of the Russian Federation hereby expresses its thanks to FBK for the work performed within the framework of the implementation of the joint project of the RF Ministry of Finance and International Bank for Reconstruction and Development “Development of Methodological Recommendations on the Application of the Classification of the Operations of the State Management Sector (COSMS)”.

The methodological work of the consultants of FBK’s Department of Consulting Services for the State Sector was performed at a high professional level and was reflected in the practical activities of the Budget Policy and Methodology Department of the Ministry of Finance of the Russian Federation relating to improvements in the procedure for applying COSMS and the creation of the necessary terms and conditions for generating transparent information that has also been harmonised with international standards on the state’s economic activities and its results. We look forward to the further development of our cooperation.

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