美联储计划或主导G20峰会
时间:2013-08-28 05:59:58
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MOSCOW, Aug. 27 (Xinhua) -- Sluggish1 growth and spillovers of the U.S. Federal Reserve's plan to scale back its economic stimulus2 are expected to feature prominently in discussions at the upcoming leaders' summit of Group of 20 or G20, said Russian organizers of the event Tuesday.
At the St Petersburg summit
slated3 for Sept. 5-6, policy
makers4 will discuss ways to boost
sagging5 economies in both developed and developing countries, which include creating favorable environment for private investment and scaling up investment in
infrastructure6, said G20 Sherpa Ksenia Yudaeva at a press conference here.
Meanwhile,
uncertainties7 surrounding the U.S. Federal Reserve's plan to phase out stimulus are also expected to dominate talks at the G20 summit, she added.
Fed Chairman Ben Bernanke announced in June that the American central bank would start
winding8 down its bond purchases later this year if the economy continues to improve as expected. The plan has raised concerns among
investors9 and some emerging economies about
depreciation10 of currencies and possible financial instability
incurred11 by the U.S. central bank's exit of its economic stimulus program.
As for possible
fiscal12 strategies G20 leaders would adopt to promote sustainable growth, Yudaeva said there will be "no
unified13 approach" for all countries, as economic situation varies from country to country. But the ultimate goal is same, which is to " improve the fiscal situation in the medium term."
Russia, which holds the G20 rotating
presidency14 this year, outlined a strategic agenda of igniting a new cycle of economic growth through quality jobs and investment, trust and transparency, and effective regulation, according to Yudaeva.
G20 leaders, she said, will adopt plans to assess global risks and set out actions regarding financial and
structural15 reforms and job creation.
On the global financial and economic landscape, Yudaeva said one of the progress made since last year is a more
stabilized16 Europe. Taking into consideration its economic growth
momentum17, " Europe seems to get out of the recession," she said.
As for the new formula of the International
Monetary18 Fund (IMF)
quotas19, Yudaeva admitted it was the area where the least progress has been achieved.
Though a new formula is currently under discussion, but no further steps could be taken without the
implementation20 of previous decisions, Yudaeva said. "We expect the U.S. congress will prove (sic) 2010 reform sometime this fall and this will open the window for further discussion and
finalize21 the discussion next January."
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