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.
More Quotes from Rodrigo Rato:
These measures would take some time to have their full effect, but taking them would help calm the oil market.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
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
There is not an alternative to the US as the engine for growth.
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
What we have achieved is a good example of how the right policies deliver.
Rodrigo Rato
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