Finance

Finance

Finance Ministries of CIS countries sign Memorandum of Understanding

24 May 2012 08:41 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The 5th Astana Economic Forum was held in Astana by the support of Kazakhstan Government and Eurasian Economic Club Of Scientists.

According to Azerbaijani Ministry of Finance, the event devoted to â€œChallenges and development perspectives of world economy in Global Transformation Circumstanceâ€ and mainly most important topics, socio-economic development, as well Finance in Capital and global economy, globally sustainable development and social situation were discussed at the meeting. Azerbaijan was represented by the delegation led by Minister of Finance Samir Sharifov.

Kazakh President Nursultan Nazarbayev, Turkish PM Recep Tayyip Erdogan, well-known public and political figures, scientists and businessmen attended the opening of plenary meeting of the forum. 11 Nobel laureates, ex-primes ministers of Italy, Great Britain, Netherland Romano Prodi, Tony Blair, Wim Cock joined the event.

Nazarbayev noted that, more than 8,000 representatives from 90 countries participated in the forum. He said that, Astana Economic Forum changed to dialogue place of economic processes, fionancial; crisis and other economic problems. He also noted that, it was difficult to solve the economic crisis in the discussions within G-20 format. This needs wider platform. Turkish PM R. T. Erdogan, UN Deputy Secretary-General on economic and Social Affair Francis Harry, German ex-president Horst KÃ¶hler, IMF representative Min Ju, Nobel laureate on Economy Robert Mandel and others made speeches.

6th meeting of CIS Finance Ministerial Council was held within the Forum. Financial situation of member-states, financial-economic crisis, regular information exchange, development of world economy, financial risks in global non-stability background and other issues were discussed at the meeting.
Besides, risks in eurozone, possible out of Greece from eurozone, influence of this process on world economy and CIS financial market and other issues were also discussed at the meeting.
Ministries of finance have signed Memorandum of understanding covering 2012-2013.