News Conference following G20 Summit.Part 1
September 26, 2009
Pittsburgh
Пресс-конференция по итогам саммита «Группы двадцати»
26 сентября 2009 года
Питтсбург
DMITRY MEDVEDEV: Good afternoon, dear colleagues, ladies and gentlemen,
Let me share with you my impressions of the summit. I want to say immediately that in my view we have achieved everything that we set out to accomplish. The results are there for all to see. Of course the most important thing weve done is discuss ways to overcome the global crisis and to construct a new, more up-to-date financial architecture. Its true that we discussed the same things in London, and before that in Washington, but the difference lies in the fact that we have made some important progress. We are no longer discussing the outlines or directions that development should take, but have focused instead on some very specific things.
There have recently been some encouraging signs of an upturn in the global economy and in national economies. And Russia is no exception, although we have seen only very small indications of an improvement in the situation. As you know, some countries have experienced an increase in their gross domestic product, and Russia was one of them according to the results for this past summer. Of course ultimately the figures for the whole year will be poor the recession must take its course. Nevertheless, things are changing, so what we discussed today is not just a rapid response to problems associated with the crisis, not just using more money to support the economy, but an exit strategy from the crisis, even if there is still general agreement that the moment for beginning to implement this strategy has not yet arrived.
What we have agreed and noted in the long communique on what we accomplished is that we are preparing an exit strategy but at the same time continuing to use measures to stimulate national economies. Thats where we are now.
I think that by our next meeting the situation will be different, and the question of implementing an exit strategy will have already moved up the agenda. Anyway, we all hope so.
We focused on major issues like reforming the Bretton Woods institutions. This included dealing with an important and sensitive issue that has been unresolved for a long time now, namely the redistribution of quotas for the International Monetary Fund and World Bank. There are results in this regard, although I should say frankly that at the beginning of our negotiations it was very much up in the air. This demonstrates a number of things in my view. It shows the responsible attitude that various state leaders have shown concerning their international obligations. Because it would have been easier to go our different ways and say that the question required more thought. In spite of that, we got results. Someone had to compromise. In the end we agreed that five percent of the votes would be reallocated within the International Monetary Fund - a compromise figure that everyone finally agreed to - and three percent within the World Bank.
Of course our ministers of finance will continue to work on this, but it is a very important contribution to the creation of a new configuration of the international financial system.
Another issue that in my view is very important and very interesting is the joint monitoring of the state of the economy, that is, an analysis of the macroeconomic situation in the national economies, not only by the International Monetary Fund, which is what we have today, but by other countries as well. I spoke on this subject not so long ago at a conference in Yaroslavl, and wrote an article about it as well. The point is that the current situation is one in which we all become hostages, we might say, to changes in the macroeconomic parameters of the worlds largest economies. In order to see this coming well in advance, we must commit ourselves to studying the situations in our respective countries. This is quite a revolutionary change, but the G20 has agreed to it in principle, so we can now implement the idea of joint monitoring of conditions - the macroeconomic parameters - in the national economies.
http://www.kremlin.ru
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Дмитрий Медведев перезагрузил Барака Обамуby rejneke83,645 views
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