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Alexei Kudrin and Sergei Ignatyev will attend a meeting of the G-20 finance ministers and central bank governors October 15-16 in China
Russian Finance Minister Alexei Kudrin and Central Bank Chairman Sergei Ignatyev will attend a meeting of the G-20 finance ministers and central bank governors October 15-16 in China, a source in the Russian delegation said Friday. All finance ministers and federal bank officials from the G-20 member states, in addition to IMF Managing Director Rodrigo de Rato and World Bank President Paul Wolfowitz, are expected to attend the meeting. According to the source, the forum will cover measures to neutralize the effect of oil prices on global economic growth, maintain sustainable development, and reform the Breton Wood Institutions (the IMF and the World Bank). The G-20 meeting will also focus on non-traditional mechanisms of aid to developing countries, the problem of an aging population, and the role of migration policy in smoothing the macroeconomic problems caused by an aging workforce. During the two-day meeting, Kudrin will speak on demographic challenges, migration problems, including money transfers, and on Russia's place on the world oil market. The source said the leaders of the Russian delegation would promote the expansion of international energy interaction of the G-8 group of industrialized nations, in which Russia will assume the presidency next year.
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