WORLD BANK MISSION ARRIVES IN MOSCOW

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MOSCOW, December 25 (RIA Novosti) - A mission of the World Bank treasurers will arrive in Moscow on Saturday to stay till Monday, the World Bank's press service told RIA Novosti.

The treasurers are to hold a number of routine meetings in Moscow, in particular, with top officials of the Finance Ministry, the Bank of Russia and the Federal Service for Financial Markets, the press service noted.

Head of the World Bank's branch in Moscow Kristalina Georgiyeva earlier reported about the routine visit of the mission. According to her, the visit will focus on the new procedures to reduce Russia's expenditures on handling World Bank credits, mechanisms of term borrowings and ruble bonds of the World Bank.

This issue is on the agenda of the routine meetings and it will be discussed, Ms. Georgiyeva said giving no more details.

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