The Financial track

13 February 2013

International Financial Architecture Working Group Meeting

The first IFA Working Group meeting within the Russia's Presidency in the G20 took place on 13 February 2013 in Moscow. The representatives of the G20 Finance Ministries and Central Banks and experts from international financial organizations (IMF, World Bank, OECD, BIS, G24 and others) attended the meeting.

During the meeting delegates discussed a wide range of issues including further improvement the efficiency and legitimacy of the IMF governance structure, work on strengthening the IMF surveillance, public debt management, Regional Financial Arrangement development and co-operation with the IMF and others. In particular, a serious attention was paid to the implementation of the IMF's 2010 Quota and Governance reform. It will secure doubling the IMF quota resources initiated in 2010 and implementation of the 15-th general review of quotas.