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G20 supports Russia demand of strict requirements to states seeking financial aid-Siluanov

November 04, 2011, 18:34 UTC+3
Countries applying for IMF resources must hold structural reforms, cut their debts and budget deficits
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CANNES, November 4 (Itar-Tass) —— The G20 summit supported the opinion of Russia that countries seeking international assistance to their financial stabilization must meet strict requirements, Acting Finance Minister Anton Siluanov said.

“Countries with large debts, which seek international support, must not relax. They must assume tough commitments. That position of Russia gained support of the summit,” he said. “Countries applying for IMF resources must hold structural reforms, cut their debts and budget deficits. That is the only way to get an access to IMF resources,” he replied to an Itar-Tass question.

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