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G20 Youth Summit opens in St Petersburg

June 18, 2013, 5:02 UTC+3
During the event the young delegates will meet and discuss the topics on the agenda with Russia’s President Vladimir Putin, the organisers say
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ST. PETERSBURG, June 17 (Itar-Tass) - The Y20 Russia 2013 youth summit opens in St. Petersburg on Tuesday.

The event’s participants will offer a communiqu·, which they will address to leaders of the G20 countries.

The Y20 Russia 2013 summit, which opens on the eve of St. Petersburg’s International Economic Forum, and which is organised at the same venue, will feature 106 young participants from G20 countries and from six countries invited by the Russian chairmanship /Brunei, Spain, Kazakhstan, Senegal, Singapore, Ethiopia/. The event’s objective is a dialogue with G-20 leaders on the basis of ideas and suggestions, which the youth considers most promising and innovative for settlement of problems in the global economy and for international development.

“During discussions with experts and exchange of experiences, the delegates will offer a common understanding for settling the most important problems, and this will be reflected in the final document. The communiqu· will have a preamble and eight blocks of recommendations, which reflect all directions, where the delegates are working,” the summit’s organisers said.

Russia, chairing G20, suggested the summit participants chose the topics themselves. In the context of reforming of the global financial architecture and the sustainable development, the delegates will discuss reform of international financial organisations, capital markets and legal regulation of the financial sphere, recommendations on managing state debts, financial literacy, energy effectiveness, and development of infrastructure projects, optimisation of social policies, food security and environment protection.

Y20 Russia 2013 delegates will be invited to participate in Saint Petersburg International Economic Forum (SPIEF) - one of the world’s leading economic and business forums held annually in St. Petersburg.

During the event the young delegates will meet and discuss the topics on the agenda with Russia’s President Vladimir Putin, the organisers say.

The summit’s organisers are Russia’s federal agency on youth policy, the Presidential Administration, St. Petersburg’s International Economic Forum Foundation, the J8 Club Russia Youth Movement in cooperation with one of the world’s leading youth associations in development of youth diplomacy - The International Diplomatic Engagement Association /IDEA/.

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