After a brief period as one of the biggest recipients of foreign aid in the world, Russia is firmly back in the donor club. Last year, Russia’s official development assistance reached $714 million, a drop in the bucket when compared with Soviet levels, but still a sevenfold jump from 2006.
Russia’s donor comeback has been nearly a decade in the making. It was from his perch as chair of the G-8 in 2006 that President Vladimir Putin gave notice that a resurgent Russia was ready to assume the roles and responsibilities of a respected global power.
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Lorenzo Piccio@lorenzopiccio
Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.
