Heads of International Financial Organizations Will Take Part in SPIEF
Senior officials of international financial organizations will attend the St. Petersburg International Economic Forum on 24–26 May 2018.
Specifically, representatives of the World Bank confirmed participation in the St. Petersburg International Economic Forum. Cyril Muller, Vice President of the World Bank's Europe and Central Asia region, will lead the delegation. Muller will be a speaker at the business programme's session ‘Business to the Rescue: Addressing Social Inequality on a Global Scale’. The participants will consider the role of globalization and technological development in addressing the problem of social inequality as well as the need for financial, tax and other reforms to eliminate it globally.
Besides, Christine Lagarde, Managing Director of the International Monetary Fund will take part in the SPIEF as a speaker at the Forum’s plenary session. The fact that key figures of the global financial industry participate in the SPIEF shows that the biggest financial institutions are interested in supporting and developing the dialogue with Russia.
Anton Kobyakov, Adviser to the President of the Russian Federation, said, “High ranking officials of international financial organizations traditionally attend the events of the St. Petersburg International Economic Forum. Discussions of the fundamental theme of this Forum – creating an economy of trust – must happen in the presence of all parties to this global process: heads of states and governments, relevant international organizations and intergovernmental associations”.
Vladimir Kolychev, Deputy Minister of Finance of the Russian Federation, emphasized the importance of a dialogue with international financial organizations at high-profile business events: “Now it is especially important to discuss global economic agenda with international financial organizations, when protectionist and sanction measures imposed by certain players and combined with other significant challenges create a major threat to the whole system of multilateral trade”.
Photo Source: World Bank Photo Collection
