Programme

ARE CENTRAL BANKS THE LAST STRONGHOLD OF ECONOMIC GROWTH?

The Global Growth Agenda
Panel
Pavilion 8А, Congress Hall

Moderator:
Herman Gref , Chief Executive Officer, Chairman of the Executive Board, Sberbank

Panellists
Andrei Belousov , Aide to the President of the Russian Federation
Elvira Nabiullina , Governor, Central Bank of the Russian Federation
Alexey Uljukaev , Minister of Economic Development of the Russian Federation
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Yu Yongding , Academician, Senior Fellow, Director, Institute of World Economy, Chinese Academy of Social Sciences (CASS)

Broadcast

Key moments

Foreign direct investors trust in the Russian economy and invest here, and they’re not people who can be fooled, as a rule.
Andrey Belousov
Our economy needs to find levers to push it upwards and I believe these levers to be labour productivity, cost reduction, growth in investment (specifically private investment), which takes this discussion on to a whole new track, namely to institutional structural reforms, rather than monetary policy.
Elvira Nabiullina
The government and the Central Bank are the ones who create the conditions for economic growth, and, of course, it is business that creates economic growth... The government and the Central Bank are obliged to create predictable and rational conditions which business will be able to trust – that’s the main objective.
Elvira Nabiullina