To try to correct imbalances with trade restrictions is a grave error.
More Quotes from Rodrigo Rato:
We don't see a great reduction in demand... There have been some hints that demand will be receding in the second quarter, but we see strong demand in the world.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
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
Alleviation of that debt will help achieve a substantial poverty reduction.
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
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Based on Topics: Error & Mistake QuotesBased on Keywords: imbalances, restrictions
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