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.
More Quotes from Rodrigo Rato:
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.Rodrigo Rato
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.
Rodrigo Rato
The committee has given me a clear mandate to make some proposals in Singapore.
Rodrigo Rato
We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
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
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.
Rodrigo Rato
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