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MOSCOW, June 13 (Xinhua) -- Russian President Vladimir Putin on Thursday called for international consultations1 on global economic polices, including restructuring the international financial and monetary2 architecture, so as to ensure sustainable economic growth around the world.
"The current situation has shown that certain country or group of countries, however big it is, had reached its limit in managing and controlling the economy and finance," Putin said in an interview with the RIA Novosti news agency.
"Cooperation is the irresistible3 trend ... To achieve sustainable global growth, the international community has to work together on economics policies, reform the international currency and financial systems," Putin said ahead of the Group of Eight (G8) summit due next week in Northern Ireland.
The president noted4 that the International Monetary Fund (IMF) does need "substantial reform" as it had failed "every now and then" to keep pace with as well as react to the fickle5 international financial situation.
Meanwhile, he saw the reform in the IMF "just part of the international financial architecture reform" and it was inappropriate to replace the IMF with new organizations given its particular experience in collaborating6 with the parties concerned.
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1 consultations | |
n.磋商(会议)( consultation的名词复数 );商讨会;协商会;查找 | |
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2 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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3 irresistible | |
adj.非常诱人的,无法拒绝的,无法抗拒的 | |
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4 noted | |
adj.著名的,知名的 | |
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5 fickle | |
adj.(爱情或友谊上)易变的,不坚定的 | |
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6 collaborating | |
合作( collaborate的现在分词 ); 勾结叛国 | |
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7 quota | |
n.(生产、进出口等的)配额,(移民的)限额 | |
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8 discourse | |
n.论文,演说;谈话;话语;vi.讲述,著述 | |
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