G20 Sherpas' Meeting took place in Moscow
On December 12, Moscow hosted the G20 Sherpas' Meeting in a series of inaugural events of Russia's G20 presidency. The meeting kicked-off the discussion of the top priority issues of global economic agenda and hinted the scope of necessary joint actions.
On behalf of their respective Leaders, Sherpas shared views and expressed observations on coordinating the 2013 agenda for the G20. The Russian Sherpa Ksenia Yudaeva lead the discussion of a wide-ranged agenda, comprising possible ways to accelerate economic growth in the short and medium terms, financing for investment as a cornerstone of growth and job creation, a multi-faceted trade agenda for 2013, and development for all, among other topics.
To ensure smooth interaction between Sherpas and Finance Tracks at all stages of the preparatory process, a delegation from the Russian Ministry of Finance headed by Deputy Finance Minister Sergei Storchak was invited to the meeting. With the goals of expanding the vision of and finding better solutions for the areas of common concern, along with the G20 member-economies' Sherpas, the meeting was also attended by the representatives of international organizations engaged in the G20 working process, including the World Bank, the IMF, the UN, the WTO, the OECD, the International Labour Organization and the Financial Stability Board. An important innovation introduced by Russia was participation of the Think 20 Meeting (a meeting of world's leading think tanks that was held in Moscow on December 11) sessions chairs, who elaborated on the main outcomes and recommendations of their sessions.
Another important innovation put forward by Russia was discussing and evaluating the performance of the G20 members in fulfilling their previous commitments, based upon the joint Russian-Canadian G20 compliance research, presented to Sherpas at the working lunch.