Sat, 16 Feb 2013 04:00:03 GMT | By IANS

G20 must seek exits from economic stagnation: Putin

Russia, which holds the G20 rotating presidency this year, has formulated the G20's agenda based on this challenge, Putin said


G20 must seek exits from economic stagnation: Putin (© Reuters)

Moscow: The G20 group of developed and leading emerging market economies should focus its efforts on working out effective measures to overcome stagnation in the world economy, Russian President Vladimir Putin said.

"The main challenge today is whether the G20 group can be also effective in solving long-term development tasks and offering policies that would pull the global economy out of stagnation and uncertainty, and into a steady growth trajectory," Putin said at a meeting of G20 finance ministers and central bank chiefs.

Russia, which holds the G20 rotating presidency this year, has formulated the G20's agenda based on this challenge, Putin said. "Russia proposes that the G20 agenda be focused on the main tasks of ensuring balanced growth and creating jobs, stimulating investment, increasing transparency and developing effective regulation," he said.

The G20 countries should pursue transparent state debt management policies to promote a return of investor confidence, Putin said.

(Continued)
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