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Russia, China say will work on financial crisis
Published in Saudi Press Agency on 14 - 10 - 2009

China, Russia and other members of a
regional security group pledged Wednesday to work together
to combat the global economic crisis and find ways to
increase cooperation on financial issues, AP reported.
A document signed at the meeting of the Shanghai
Cooperation Organization said the group's members should
focus on a joint response to the global financial crisis
and a common post-crisis strategy.
«We must use the potential of our cooperation for
post-crisis development,» said Russian Prime Minister
Vladimir Putin.
«The crisis has acted like a catalyst for the reform of
the international financial system, and our organization
must take part in that,» he said.
Chinese Premier Wen Jiabao voiced hope the meeting created
«a unique opportunity for exchanging opinions and working
out a specific plan.»
«China pays great attention to the Shanghai Cooperation
Organization. The meeting has shown that the countries of
the region are deeply interested in expanding mutual
cooperation for the stake of long-term stable
development,» Wen said.
Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan are also
members of the group.
The members pledged to create a fund to boost
transportation and telecommunication links, although no
details were immediately given.
The agreement called for finance ministers and central
bank governors from the countries to meet later this year
in Kazakhstan to discuss trade and using each other's
currencies in inter-group trade.


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