The core objective of the Russian Presidency is to concentrate the efforts of G20 - forum of the world's largest economies - on developing a set of measures aimed at boosting sustainable, inclusive and balanced growth and jobs creation around the world.
Addressing major challenges to global economy is a traditional focus of the G20 agenda. Russia will ensure continuity of the dialogue on all its items and attach extra impetus to the G20 discussion, facilitating further implementation of the G20 commitments and building on the achieved results.
Russia believes that discussion on all the interconnected issues of the G20 agenda is organized around three overarching priorities, aimed at starting the new cycle of economic growth:
- Growth through quality jobs and investment;
- Growth through trust and transparency;
- Growth through effective regulation.
These 3 priorities of the Russian Presidency will serve as a lens through which we propose to consider and discuss the G20 agenda in 2013, comprised of the 8 areas:
1) Framework for strong, sustainable and balanced growth;
2) Jobs and employment;
3) International financial architecture reform;
4) Strengthening financial regulation;
5) Energy sustainability;
6) Development for all;
7) Enhancing multilateral trade;
8) Fighting corruption.
Main themes of the Russian presidency:
To support the Russian Presidency's focus on boosting economic growth and job creation two new topics will be proposed for discussion within the above areas, including Financing for investment and Government borrowing and public debt sustainability.
In terms of the working process, Russia proposes a result-oriented and pragmatic approach, which implies streamlining the working formats and meetings along the two central tracks - Sherpas and Finance Ministries and relevant working groups. The Presidency's innovation will be a joint meeting of Finance and Labour Ministers.
To ensure legitimacy, transparency and efficiency of the G20 the Russian Presidency plans to hold extensive outreach consultations with all interested parties, including non-G20 countries, international organizations, private sector, trade unions, civil society, youth, think tanks and academia. Active interaction among all these groups - another innovation of the Russian Presidency - will generate a cross-sectoral synergy to enhance the public benefit of the G20.