G20 Has No Disputes on Global Agenda – Russia Deputy Minister

Posted: October 27, 2014 in Econ 101, Free Trade

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G20 has no disputes on global agenda – deputy minister

September 21, 2014
G20 countries “have managed to offer measures in addition to those announced in September during discussions around an overwhelming growth strategy”

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Russia's Deputy Finance Minister Sergei Storchak

Russia’s Deputy Finance Minister Sergei Storchak

© ITAR-TASS/Mitya Aleshkovsky

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CAIRNS /Australia/, September 20. /ITAR-TASS/. G20 meeting in Australia’s Cairns on September 20-21 demonstrated that G20 does not have disputes on current issues of the global agenda, Russia’s Deputy Finance Minister Sergei Storchak told ITAR-TASS in an exclusive interview on Sunday.

“This refers to measures to stimulate the economic growth and also further non-traditional monetary policies, fiscal and budget policies, to let alone complete accord on measures to regulate financial markets,” he said.

“This year, where Australia chairs the Group, it continues implementation of decisions taken a year earlier, where Russia had a chairing role.”

“Ten parts of the final communiquй of the meeting in Cairns contain seven links to results of the summit, which took place in St. Petersburg last year,” the deputy minister said.

ITAR-TASS asked how realistic was Australia’s initiative to speed up the economic growth of G20 countries by additional two percent.

G20 countries “have managed to offer measures in addition to those announced in September during discussions around an overwhelming growth strategy.”

While commenting on economic growth in Russia, the deputy finance minister said: “We are working on a growth strategy for the Russian economy without considering geopolitical risks. This strategy, which involved efforts from all respective authorities and the Central Bank, is being finalised following the recent economic growth forecast, offered by the Ministry of Economic Development during discussions of the budget. I believe the ministry’s analysis of the situation is correct, where they say lower growth rates began much earlier than the time, where we faced geopolitical risks.

SOURCE: http://en.itar-tass.com/russia/750556

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