13 February 2013

The first International Financial Architecture Working Group within Russia’s Presidency in the G20 took place in Moscow

The IFA Working Group meeting was held on February 13, 2013 in Moscow (Russia). The representatives of the G20 Finance Ministries and Central Banks and experts from IMF, World Bank, OECD, BIS, G24 took part in the meeting.

During the meeting participants reaffirmed the need to continue the work towards further increasing the efficiency and legitimacy of the IMF governance structure and complete it in accordance with the earlier agreed commitments by January 2014.

Working group members focused their attention on the priorities of the G20 Russian Presidency - the financing for investment and government borrowing, public debt management and public debt sustainability. The mutual understanding was also achieved concerning the intensification of the work on the issues global liquidity and of strengthening cooperation between Regional Financial Arrangements and the IMF.