World Bank Chief Economist of the Europe and Central Asia Region, Indermit Gill and Macedonian Vice PM and Minister of Finance Zoran Stavreski do not expect recent developments in Japan to cause a fresh economic crisis.

"Watching how the Japanese government is handling the challenges and problems, we are all convinced that it will manage to solve them appropriately. Which is why I perceive the crisis as human, rather than as economic," Indermit Gill told reporters during a break at Friday's round-table on topic "How to Achieve Higher Growth Rates in Post-Crisis Surrounding".

Vice PM Stavreski concurred with him, noting that various kinds of crises and risks were happening in the world, thus making it a different place to live than before.

"First, there was the financial crisis, which later transformed into an economic one, then the debt crisis followed in some European countries and now the situation in Japan grips the world. There will be always risks and crises, however the world now is better coordinated in responding and treating crises," Stavreski stated.

He added that the G20 had undertaken timely and adequate actions to tackle some of these crises.

"Despite utmost efforts made by the Japanese government, I believe that a coordinated action by countries all around the world, aimed at alleviating the risks in Japan, will prevent them from becoming even greater risks for the potentials for economic growth of the global economy," Stavreski stated.