Turkish Deputy PM says will warn developed countries in G20 meeting

"We will give our warnings about the vital necessity of coordination with developing countries in the normalization process of expansionary monetary policy of some developed countries," said Babacan

Turkish Deputy PM says will warn developed countries in G20 meeting

World Bulletin/News Desk

Turkish Deputy Prime Minister Ali Babacan held a press conference before ahead of leaving for Russia capital city of Moscow to attend the G20 Ministers and Central Bank Governors meeting which will be held there.

In the press conference, Babacan informed press members regarding the agenda of the meeting. He stressed that the Moscow meeting was the last meeting before G20 Leaders Summit which will be held in St. Petersburg, Russia in 5-6th September.

"The meeting will consist of seven sessions. Our first topic is going to be 'The frame of sustainable, balanced and strong growth of global economic situation'. Reform of international financial structure, international cooperation in taxing systems, financial regulations, financing of long term investments, sustainability of energy and finance for climate change are also among topics of Moscow meetings," stated Deputy Prime Minister Babacan and added that he was preparing to warn developed countries about the affection of their macroeconomic politics on developing countries.

"We are going to stress the effects of the developed countries’ macroeconomic policies on developing countries. We will give our warnings about the vital necessity of coordination with developing countries in the normalization process of expansionary monetary policy of some developed countries. This process must be maintained step by step and patiently and must avoid any misunderstandings." Babacan quoted.

Last Mod: 19 Temmuz 2013, 17:55
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