Russia to chair G20.

By bne IntelliNews December 3, 2012
Russia is effectively chairing the G20 forum as of December 1 2012 until 2014, succeeding Mexico and to be followed by Australia. G20 unties 19 largest global national economies and EU, accounts for more than 90% of global GDP and 80% of global trade. The obligations of the G20 chair include organising, coordinating and hosting the meetings of G20 heads: in 2013 it is planned to host four meetings of G20 FinMins and central banks' heads, as well as a summit of heads of G20 in September 2013 in St Petersburg. Russia proposed two new subjects to the agenda of the G20, such as financing the investment as the basis for growth and employment, and modernisation of national systems of state borrowing and managing sovereign debt. President Vladimir Putin in his address on the Russia's chairmanship noted, among other things, that Russia is intending to effectively use it for addressing long-term national goals and strengthening the position of Russia in governing the global economy.

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