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.
More Quotes from Rodrigo Rato:
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.Rodrigo Rato
We see the world economy growing faster than we expected in September.
Rodrigo Rato
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.
Rodrigo Rato
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,
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.
Rodrigo Rato
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.
Rodrigo Rato
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