Lavrov announced need to reform world financial architecture

Russia advocates the redistribution of global monetary resources in favor of new centers of economic growth, including African countries. This was stated by the head of the Russian Foreign Ministry, Sergei Lavrov, at a meeting of the business council at the Foreign Ministry dedicated to the development of trade and economic cooperation with the African continent.

“Ensuring economic and financial independence remains one of the key factors of socio-economic development of Africa and its food security. Russia takes a fundamental position in support of the need to reform world financial architecture and increase the role of new centers of economic growth. We advocate redistribution in their The benefits of global monetary resources are paid to special attention to the needs of African states, ”the minister said.

According to him, in terms of practical cooperation, Africa takes the place of one of the fast -growing export markets for Russian producers, promising areas for Russian investment.

In addition, Lavrov noted the importance of creating the African continental free trade zone. “In the near future, under our active assistance, the issue of inclusion of the African Union in the“ group of twenty ”will be resolved. This will allow the continent to fully participate in the formation of an international agenda and in global control mechanisms,” the minister said.