Viktor Tolmachev, Chairman of the Supervisory Board of ACIG Group of Companies, participates in High-level Policy Dialogue "Macroeconomic Policies for Sustainable and Resilient Growth in North and Central Asia"

On August 27-28, the High-level Policy Dialogue "Macroeconomic Policies for Sustainable and Resilient Growth in North and Central Asia", organized by United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) in collaboration with National Bank of Kazakhstan, took place in Almaty, Kazakhstan.

Representatives of the UN specialized agencies, World Bank Group, Governors of Central Banks and Ministers of Finance of the countries of Central Asia. At the invitation of the Deputy General Secretary of the UN and Executive Secretary of the UN ESCAP Dr. N.Heizer, Viktor Tolmachev, Chairman of the Supervisory Board of ACIG Group of Companies, participated in the meeting.

The Dialogue is a part of a series of consultations of the UN ESCAP focused on looking for the ways to recover from the global economic crisis. The Dialogue in Almaty, organized after a series of similar events in Bangladesh, Bhutan, Cambodia, Indonesia, the Philippines and Fiji, addresses the challenges of growth, stability, diversification and jobs. It also helped the representatives of North and Central Asia to explore challenges and opportunities in regional infrastructure development, economic diversification, and cooperation with the rest of Asia, including in the context of enhancing the productive capacity and connectivity of Landlocked Developing Countries (LLDCs). The prospects of global and regional financial cooperation, in particular the implications of Basel III implementation were also addressed at the Dialogue.

In his report Viktor Tolmachev remarked, "Because of the dominance of oil, gas, metals and other mineral resources in the total export volume, the economy diversification is nowadays a priority for North and Central Asia. Regarding this issue, the sub-region is to strive for closer trade and investment relations with other sub-regions of the Asia-Pacific Region, in particular with East and North-East Asia, South and South-West Asia, as it enhances economic growth and creation of new jobs."