By Ilya Kharlamov, This past week, the world media attention has been riveted to the G-20 summit meeting, held in the Mexican resort city of Los Cabos amid tight security. The G-20 leaders took up ways to counter the global crisis, and discussed new world financial architecture, as well as prospects for economic development. Russian President Vladimir Putin took part in the working meetings of the forum, held a number of bilateral meetings, including the most anticipated one, with the US President Barack Obama, and also outlined the G-20 objectives in the context of Russia’s forthcoming G-20 presidency in 2013. During its seventh summit, the G-20 traditionally concentrated on fighting the global crisis, including in the Eurozone, and also took up ways to boost economic growth and population employment. The parties to the forum, besides, dealt with developed nations’ debt reductions. The leaders of the forum member-states, which account for 90% of the Gross World Product, actually agreed the path that the global financial and economic system should follow from now on. The path in question is quite unstable at the moment, which creates risks for countries and entire regions. The summit’s main specific achievement is the agreement to boost the reserves of the International Monetary Fund to 450 billion dollars in what will prove an all-time high. The funds will be used as relief aid for countries in critical situations. Tags:
Politics,
World,
Commentary,
G20,
G20 summit,
Russia,
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Voice of Russia.
