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G20 to suggest resolute measures to stabilise situation for summit

September 24, 2011, 9:00 UTC+3
World markets were waiting “for something more specific” from the communique that the G20 published on Thursday
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WASHINGTON, September 24 (Itar-Tass) — The G20 will suggest “resolute measures” for its summit in France in November to be taken in connection with the situation in the world economy, said to reporters Russian Finance Minister Alexei Kudrin in Washington on Friday.

The finance minister who is also Russian vice-premier, participates in Washington meetings of G20 finance ministers as well as in the session of governing bodies of the World Bank and the International Monetary Fund.

Reporters expressed opinion that world markets were waiting “for something more specific” from the communique that the G20 published on Thursday.

It said of the need for a strong and coordinated international reply to tackle problems, facing the world economy as well as commitment to supporting economic growth, introduction of reliable plans of budget consolidation as well as insurance of strong stable and balanced growth. However, the document contained no specific steps.

Kudrin expressed confidence that “this is only the start of a serious talk on resolute measures that should be taken in the near future”. He emphasised that the G20 would prepare more detailed proposals for the summit” in France.

 

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