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Kazakh president views G20 as prime tool for solving world economic woes

September 02, 13:22 UTC+3 BEIJING
The G20 summit will be held in the Chinese city of Hangzhou on September 4-5
1 pages in this article
© AP Photo/Ng Han Guan, Pool

BEIJING, September 2. /TASS/. The Group of Twenty (G20) is the most important mechanism for solving global economic problems, Nursultan Nazarbayev, President of Kazakhstan said in an interview with Chinese media, published by Xinhua News Agency on Friday.

"Currently, the G20 is viewed as the most important mechanism for solving global economic problems, coordinating macroeconomic policies of its member states, and reforming the global financial architecture," he stated.

According to Nazarbayev, the G20 will once again demonstrate its ability to ensure the stability of the global economy. "As the country chairing the summit, China is chiefly banking on innovation, a new industrial revolution and the digital economy. Kazakhstan fully supports this choice", he added.

Kazakhstan’s president expressed regret that political factors nowadays put substantial pressure on the economy. "I hope that common sense will prevail in international politics and the international community will find the strength to work together to solve mankind’s pressing problems," he said.

The Chinese Foreign Ministry reported that Nursultan Nazarbayev is on a working visit to China from September 1 to 5, 2016.

The Group of Twenty summit is scheduled to be held in the Chinese city of Hangzhou on September 4-5.

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