Russia expects clarity of actions and concretization of political decisions from the London G20 Summit
MOSCOW, Russia – Speaking at an Investment Financial Forum at the Russian capital, Arkady Dvorkovich, the economic adviser to the Russian president, noted that Russia expects the upcoming London G20 Summit slated for April to adopt clear-cut political steps on overcoming the current global economic crisis. “Today, the whole world is undergoing an unprecedented economic crisis. This calls for global efforts as individual efforts by separate countries will totally be inadequate to curtail the crisis,” he said. “This is why we are preparing for the G20, where, we hope, realistically concrete political decisions, and not just declarations, will be made.”
Dvorkovich also noted that concretization of global anti-crisis actions by the participants of the upcoming London summit will distinguish the April meeting from similar meetings in the past, where global leaders gathered in various configurations and in different locations, in search for exits from the current crisis. Unfortunately, the past summits were famous for their ineffectiveness, as they produced several bold statements and calls for immediate actions that were not later supported by practical steps and efforts that were capable of radically changing the devastating course of the current global crisis.
Dubbed the most destructive since the Great Depression, the current global crisis has already put several countries and multinational corporations across all continents on the brink of inevitable bankruptcies. As an example, Dvorkovich cited the G20 Summit in Washington last November. “Many fine statements were made at the G20 Summit in Washington in 2008. However, no concrete decisions came out of those statements.”
Highlighting the world’s common purpose in successfully ending this crisis, the Russian president’s economic adviser noted that this 'convergence of objectives' should also help ensure that all the members of the global community "are guided by the same standards" and the "same rules of the game" so as to achieve positive results. “This is why despite the current struggle against this crisis, all countries in the world, including Russia, should also try to solve all the fundamental problems that have accumulated in their respective economies and societies,” he added. “Such fundamental problems in Russia include the urgent need to increase the efficiency of government and its agencies, and also managements of companies and the functioning of the nation’s financial markets.”
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