The Chairperson of the Central Bank of Russia, Elvira Nabiullina, after the meeting of the finance ministers and central bankers group in Shanghai said that many participants of the G20 are convinced of the need for long-term structural reforms to stimulate economy.
According to her, representatives of many countries said that measures of monetary and fiscal policy are quite limited, and can only provide a short-term effect. "Structural reforms are necessary to create the conditions for long-term economic growth and increased productivity, which is the foundation of economic growth,’’ RIA Novosti quotes Nabiullina as saying.
