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Home  »  Russia  »  Economics

G8 countries intend to deal with the crisis reforms.

Finance Ministers of Group of Eight offered to reform the IMF and other international institutions.

Today in Rome, the finance ministers and heads of central banks of the Group of Eight adopted the final document, which discussed measures to restore confidence in the global financial system.

key issues at the G8 summit began - reform the global financial architecture reform the International Monetary Fund and World Bank and the increase in the resources of these institutions in times of crisis.

Representatives of the Group of Eight also discussed mechanisms to prevent crises in the future and identify possible areas of risk for different economies. Specific measures to combat global crisis will be discussed at the summit of the leaders of the "big twenty", which will be held in London on April 2. Members of a large "twenty" are Argentina, Australia, Brazil, Britain, Germany, EU, India, Indonesia, Italy, Canada, China, Mexico, Russia, Saudi Arabia, USA, Turkey, France, South Africa, South Korea and Japan.

expected that this time the summit will engage a new U.S. president Barack Obama. Thus, the first meeting between the President of Russia Dmitry Medvedev and U.S. President Barack Obama in April - at the summit of "twenty".

Decisions taken at meetings, are implemented through a system of international economic organizations such as IMF, WTO, OECD, and government institutions.

now meeting in Rome took place in the G8: the debate joined by Minister of Finance of Russia Alexey Kudrin. G7 members are the U.S., Japan, Germany, France, Great Britain, Italy and Canada. The decision on accession to the "Big Seven" of Russia was adopted in June 1997, at the summit in the city of Denver (USA).


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