Financial news

At the Economic Forum in St.-Petersburg There Will Be Discussed a Reforming of the World Financial Institutions

02 июня 2009 г.

The deputy minister of the finance of Russia Mr. Dmitry Pankin has informed about the economic forum in St.-Petersburg and the next following summits of “the Big eight” and “the Big twenty” pipe-lines.

According to him, the Ministry of Finance is simultaneously working on preparation for participation in all three affairs and just now it is possible to speak that on all occasions the same problem there would be in focus. They are as follows: reforming of the international currency system, reforming of the world financial institutions, surmounting the financial crisis. As the deputy minister has specified the key aspect is likely to be a question of parity between the market and measures of state regulation.
 
Experts should define, whether the current situation means crash of liberal market model at the background of strengthening of state regulation or whether it is possible to speak that a single model is failure and it is necessary to search for a new one, but also based on market principles and mechanisms. In these context prospects of the international reforming of financial institutions, including IMF, World Bank, etc. would be also discussed.
 

» к списку

Read more