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,
More Quotes from Rodrigo Rato:
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.Rodrigo Rato
These measures would take some time to have their full effect, but taking them would help calm the oil market.
Rodrigo Rato
What we have achieved is a good example of how the right policies deliver.
Rodrigo Rato
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.
Rodrigo Rato
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.
Rodrigo Rato
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.
Rodrigo Rato
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