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,
More Quotes from Rodrigo Rato:
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.Rodrigo Rato
We also need a fund that can say 'no'.
Rodrigo Rato
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.
Rodrigo Rato
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,
Rodrigo Rato
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.
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