# New Partnerships in Global Development Finance

## Moscow International Conference, February 17-18, 2010

## Ministry of Finance
of the Russian Federation

www.minfin.ru
With support of The World Bank
and the Organization for Economic
Cooperation and Development

## Far from all problems solved in improving international finances

ITAR-TASS World Service

BARVIKHA (Moscow region), February 16 (Itar-Tass) — Far from all problems remain unsettled in the improvement of international financial institutions, Russian President Dmitry Medvedev said at a meeting with World Bank President Robert Zoellick at the Russian presidential countryside residence on Tuesday.

“In the G-20 format we discussed what and how to do it, but certainly far from all problems are solved, the large-scale work to upgrade the international architecture of financial organizations is in store for us,” Medvedev noted. “We have already taken some quite important decisions concerning the quotas, but the process does not end with this issue, it is necessary to build up corporative management and work with the standards,” the Russian president said.

Alongside, the Russian president noted that in economic terms “currently we are feeling a little bit better than in the previous year.”

Meanwhile, Medvedev noted that the situation is not the same in all countries. “I just met with the Greek prime minister and recommended him to address in the International Monetary Fund and the World Bank to tackle the difficulties in Greece,” the president said.

For his part, Robert Zoellick recalled that the goal of his visit in Moscow is the participation in the conference devoted to new partnership for the purposes of development.

Specifically, Finance Minister Alexei Kudrin, presidential aide Arkady Dvorkovich represented Russia at the meeting between Medvedev and Zoellick.