Kazakh president Nursultan Nazarbayev speaks at G20 Summit`s session in St. Petersburg

  06 September 2013    Read: 688
Kazakh president Nursultan Nazarbayev speaks at G20 Summit`s session in St. Petersburg
Kazakh president Nursultan Nazarbayev made a speech at the session of G20 Summit in St. Petersburg. Kazakh president expressed gratitude for the invitation and noted that one of the reasons of global crisis is dramatic development of financial structures not related to economy`s real sector and representing "bubbles", press-service of Acorda reported.
The head of the state stressed that the positions of the majority of developing countries are not practically taken into consideration in adopting important world decisions.

"Two years ago I initiated G-GLOBAL project in order the voices of such countries which also include Kazakhstan would be heard. This is not alternative to G8 and G20, but a supplementary instrument of global dialogue, which is already implemented as information and communication platform," Kazakh president noted.

In addition to G-GLOBAL, World anti-crisis conference was held in Astana on Kazakhstan`s initiative and with the support of UN General Assembly which was attended by the heads of economic agencies from 104 countries. Focusing on these innovative global dialogue formats, Nursultan Nazarbayev also presented his vision of resolving of main problems. So, world currency and financial architecture should reach to the compliance with all countries` interests through evolutionary way.

Next proposal of the president is to balance long-term relations in world economy.

"It is proposed to work out and introduce new elements to regulate and control the volume of state and corporate borrowing," Kazakh president said.

Nursultan Nazarbayev noted that regional integration plays an important role in fighting against crisis and cited the example of Customs Union founded by Kazakhstan, Russia and Belarus.

"Kazakhstan is also at the final stage of joining the World Trade Organization. In this regard, I ask the heads of states and governments present here to support Kazakhstan`s accession to WTO by the end of 2013," the head of the state said.

In addition, Kazakh president told about our country`s support to G20 initiative about "Green climate Fond" and noted that the evidence of our country`s "green modernization was choosing of Astana as a place for EXPO-2017 International exhibition on the topic "Energy of the future".

At the end Nursultan Nazarbayev expressed this confidence that the proposals will be taken into consideration and will stimulate the activity in the mentioned spheres.

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