OREANDA-NEWS. June 7, 2008. The first day of the forum was devoted to global international issues.

As he opened the forum Dmitry Medvedev noted that at present the current institutions of global governance are not able to meet the challenges they face. Russia's role in global financial and commodity markets allows it to actively participate in the development of concrete solutions to reform global financial architecture. The head of state has already suggested that this year a representative international conference with the heads of major financial companies, leading financial analysts and academics take place in Russia.

The head of State also said that Russia is ready for joint action in solving the world food crisis.

Before the plenary session Dmitry Medvedev and the heads of state of CIS countries toured the exhibition stands of the forum's partners. Russian Minister of Economic Development Elvira Nabiullina provided explanations.