agreements reached at the London summit of the G20, will allow to restore the global economy to be seriously affected by the crisis, even before predicted the International Monetary Fund.On said at the final press conference, British Prime Minister Gordon Brown, who chaired the summit.It should be noted that, in its latest forecast the IMF predicts fall in world GDP of 0.5% this year and 3% growth - in sleduyuschem.Dogovorennosti reached at the London summit of the G20, will allow to restore the global economy to be seriously affected by the crisis, evenbefore predicted the International Monetary Fund.On said at the final press conference, British Prime Minister Gordon Brown, who chaired the summit.It should be noted that, in its latest forecast the IMF predicts fall in world GDP of 0.5% this year and 3% growth - in the next.
unprecedented monetary expansion.
in London were approved anti-crisis measures of the six points, which will be spent $ 5 trillion - the largest in the history of the economic
Leaders "Big Twenty" agreed that they would fight the crisis together, Brown said."We are making an unprecedented financial expansion, which will save or create millions of jobs that have been destroyed throughout the world", - said the prime minister.All the money, Brown said, should help ensure the 4% increase in production in the world, and make this production is environmentally friendly, energy-saving.
Central G20 countries, banks are also taking unprecedented measures, says Brown: "The refinancing rate is very much reduced in many countries, and our central banks have promised to use the full force of monetary policy instruments, including unconventional instruments, in order to achieve stability of our efforts to restore economic.growth will not be effective if we do not restore the local credit markets and capital flows. "
Fair and friendly labor market
considered participants in the G20 summit, and social aspects."We understand the humanitarian aspect of the crisis, therefore, we intend to support those affected by the crisis by creating the possibility of their employment and providing them with financial support measures We will build a fair and family friendly for the labor market -. For both men and women ... We will support the work employment, stimulating growth, investing in education and re-training, and through active labor market policies ", - he assured the British Prime Minister.
end of bank secrecy and tax havens.
Gordon Brown indicated that the G20's anti-crisis program has not put an end to the recession at once, but should significantly reduce its life.The summit has been achieved rare unity on major issues, also pointed out the Prime Minister.In particular, the G20 leaders agreed to end the "tax havens" and bank secrecy.Already today, according to the prime minister, it will be published a list of countries, are these the harbor.
also formed the principles on which the world's banking system will be reformed.In particular, it will be strictly regulated "shadow" side of the banking activities, in particular, the so-called hedge funds.As for the rating agencies, they will be tested on a conflict of interest.G20 leaders agreed on the new rules and bonus payments.This problem is particularly acute after the scandal in the United States, where of AIG, was on the brink of ruin, and get help from the state, paid a multi-million dollar bonuses to their managers.
reform of the financial system.
will be undertaken measures to return confidence to the financial system, the regulation of this system.After all, it collapses in the financial sector and financial controllers were the fundamental cause of the crisis, the British prime minister stressed."We will take action to build a more globally consistent, more supranational and better regulatory controls system for the future financial sector, which will support global growth and serve the needs of business and citizens. We have agreed to strengthen the regulation and oversight to all systemically important financial institutions, instruments and markets, "- said Brown.
today adopted a declaration aimed at strengthening the financial system, Brown added.He explained that the participants of the summit agreed to establish a new Financial Stability Board, which will include the G20 countries, Spain, the European Commission and all members of the predecessor of the new Board - the Financial Stability Forum."Financial Stability Board in cooperation with the IMF should provide early warning of macroeconomic and financial risks and the actions to be taken to meet them head-on. It must be a way to change our regulatory system to the financial authorities can identify and take action. risk prevention It should improve the regulation and supervision of all systemically important financial institutions, instruments and markets ", - the prime minister said.
historic compromise and the beginning of something new.
Speaking at the final press conference and Angela Merkel."We have reached a very good, almost historic compromise", - said the German Chancellor.Issued a communiqué today was, in her words, "a document action."
French President Nicolas Sarkozy, who, as stated previously, Arkady Dvorkovich, very pleased with the summit, said that the fundamental point on which he insisted, were made in the final document.He added that the dominant Anglo-Saxon financial model in the world, but now its time has passed.As to the results of the summit, they will, according to Sarkozy, who surpassed all his expectations.
See you soon.
leaders of the G20 will meet again later this year.The summit, scheduled for the autumn, will be held in New York.In a new meeting is planned to discuss the work done to combat the crisis.A third summit of G20 leaders intend to conduct in Japan - in late autumn.At least objection to a proposal to the head of the Japanese government, no one was found.