G20 Leaders' Summit
On September 5-6, 2013 the G20 Leaders' Summit was held in St.Petersburg. The Summit, which is the culmination of the Russian Presidency year, marked the 5th anniversary of the G20 at the Leaders' level.
The key objective of the G20 at this moment, given the continuing instability at the financial markets, unemployment remaining high and persistent global imbalances, is fostering strong, sustainable and balanced growth. To get closer to attaining this goal, Russia has set forth a number of tasks for the G20 to stimulate economic growth and job creation, primarily through encouraging long-term investment, ensuring trust and transparency at the markets and enhancing effective regulation.
Leaders' attention at their meeting was mainly focused on the issues of ensuring economic growth and financial stability, quality job creation and tackling unemployment, searching for the new sources of growth and investment financing, as well as strengthening multilateral trade and international development assistance.
The G20 Leaders also took into account the recommendations elaborated by the Business 20, Civil 20, Labour 20, Think 20 and Youth 20 throughout the year of the Russian Presidency. In addition, Leaders met with representatives of the business community and labour unions on the sidelines of the Summit.
The 2-day-long G20 Leaders' Summit resulted in the adoption of the G20 Leaders Joint Statement that reflected the G20's intentions and concrete mechanisms for further work on stimulating strong, sustainable and balanced growth.