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G20 ministers of finance, labour, employment to gather in Moscow July 19

The meeting will focus on discussing the policy towards stimulating the stable, sustainable and balanced growth

MOSCOW, July 15 (Itar-Tass) - The G-20 ministers of finance, labour and employment will hold the first meeting in Moscow on July 19, the G-20 reported on the website.

The meeting will focus on discussing “the policy towards stimulating the stable, sustainable and balanced growth and ensuring favourable conditions for creating new jobs”, the website says.

Within the session the G-20 members are expected to consider two inter-related problems: the role of the state in forming incentives and removing barriers for investments in creating jobs and economically efficient measures to create jobs and ensure equal employment chances for all groups of the population.

The participants in the meeting are expected to accept obligations for pursuing an integrated policy towards the labour market, including policy in the field of employment, the creation of jobs with the aid of investments and the development of financial institutions, which form an investment climate in the G-20 countries.

“The joint high-level meeting within such format is being held for the first time in the history of the G-20. This is the innovation of Russia’s presidency,” the report says.

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