COUNTERING DEVELOPMENT CHALLENGES OF THE INTERNATIONAL MONETARY AND FINANCIAL SYSTEM
The current state of the strategic planning in Russia is analyzed. It is shown that the transition from budget-program to project management is not provided with the appropriate control methods and the policy of financial stabilization does not result in the tangible economic growth. The author concludes that due to excessive openness of the Russian economy, the financial sector which is dependent on the international monetary and financial system remains the most vulnerable area. As a way to manage catastrophic risks arising for the Russian Federation in this area the creation of an additional reserve circuit of the financial system has been proposed.