Rodrigo Rato Quotes (38 Quotes)


    These imbalances pose serious risks to prosperity, because they are clearly unsustainable, and if they are corrected in a disorderly way, through an abrupt decline in the U.S. dollar and rise in U.S. interest rates, growth and prosperity all over the world will be threatened,


    This is an institution based on the representation of countries based on their economic weight in the world economy. The world economy is not a frozen thing it changes over time.

    We are not talking about working conditions in Africa, we are talking about a working week of 48 hours. I have many friends who work more than that.

    And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.


    We don't see a great reduction in demand... There have been some hints that demand will be receding in the second quarter, but we see strong demand in the world.

    We see the world economy growing faster than we expected in September.

    In Europe we think that the current policy of the ECB is appropriate... At least that is until there is a clear and stable recovery,

    I don't think it's a traumatic situation, but I do think a change in policy is needed to avoid getting into a traumatic situation.

    Because forgiveness is attached to a procedure of policy. The world countries decided to forgive very low-income countries of the debt.

    We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

    It is advisable for the country to privatize the state Telecommunication Company (HONDUTEL), and allow larger competition on the market for its 4-million debt to be pardoned.

    And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.

    We are prepared, as in the past, to provide financial support by augmenting existing programs or by providing new financial assistance to countries that experience drought-related balance of payments needs.

    These measures would take some time to have their full effect, but taking them would help calm the oil market.

    I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.

    So we see clearly that the Indian government is moving in a path of reform that will allow the Indian economy to perform on a strong footing in future. We think that the prospects for the Indian economy are very good.

    Alleviation of that debt will help achieve a substantial poverty reduction.

    The committee has given me a clear mandate to make some proposals in Singapore.

    Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise.

    I think the Chinese authorities, one, clearly recognize the advantage to move to a more flexible monetary system and, two, they recognize it has to be done in a gradual way but that it has to be done without delay,

    We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

    So the American economy needs the world, and the world needs the American economy.

    This year is going to be challenging for the budget in the U.S. and probably we are going to see a resurgence of a deficit, which is not good news.

    There is not an alternative to the US as the engine for growth.

    We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

    Given the importance of the Chinese economy, that will be healthy for the world economy.

    What we have achieved is a good example of how the right policies deliver.

    Oil prices have certainly become a threat for the world economy.

    To try to correct imbalances with trade restrictions is a grave error.

    There is a need to reduce obstacles to both upstream and downstream investment, and to invigorate conservation programs. These measures will take some time to show effect but surely the sooner we start the better.

    This is an historic moment which will allow these countries to increase spending in priority areas to reduce poverty, promote growth, and to make progress towards achieving the (UN) Millennium Development Goals.

    Our intent is to make the fund more focused on the key priorities of this effort by making our advice to individual members and the whole international community more effective.

    We would certainly encourage the Italian government to put forward an ambitious agenda of reform.

    Masood Ahmed brings to the position of director of external relations extensive experience gained in a range of senior positions in international finance and development.

    We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.

    oil prices have become certainly a threat to the world economy.

    Because the budget deficit is creating a situation in which the United States is not saving enough to finance its own... its own investment.


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