NEW DELHI, September 10. /TASS/. The Group of Twenty (G20) conference will give a significant boost for reform of both the International Monetary Fund (IMF) and the World Trade Organization (WTO), Russian Foreign Minister Sergey Lavrov said at a press conference following the G20 summit.
"The summit will provide a very serious boost, a positive impetus, to efforts to reform both the International Monetary Fund and the World Trade Organization, which is also directly written down, by efforts that have been artificially, I emphasize it again, restrained by the US and their allies," the minister said.
Lavrov also stressed the importance of the West accurately assessing the outcomes of the G20 summit, taking into account the perspectives of developing countries. "The most important thing at the end of this summit, given the rather serious, turning-point changes in the approaches of the developing world, is that the West draws the right conclusions from what we approved here and from what it saw in the actions of developing countries," he said.
The minister stated that the methods announced by the Indian side hosting the summit "mark the beginning of a very important trend - a transition from agreeing on some papers that are then not fulfilled, to the obligations will still have to be fulfilled." And the developing countries at this summit were much more consolidated and persistent in promoting their fair demands," he underlined.
At the same time, Lavrov stressed that "no one advocates that these demands be implemented to the detriment of the West." "We support the G20. It is, after all, a representative structure comprised of countries accounting for roughly 80% of the global economy, and everyone is interested in cooperating. In working honesty, seeking a balance of interests, and not promoting one's own interests at the expense of the interests of others," he added.