Rodrigo Rato
Rodrigo Rato
Rodrigo de Rato y Figaredois a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party, he was also First Deputy Prime Minister from 2003 to 2004. Subsequently he became Managing Director of the International Monetary Fundand served from 2004 to 2007...
NationalitySpanish
ProfessionPolitician
Date of Birth18 March 1949
CountrySpain
based changes countries economic economy frozen weight
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.
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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.
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These measures would take some time to have their full effect, but taking them would help calm the oil market.
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I find these views optimistic to the point of willful blindness.
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There is very strong demand and we don't see that demand receding. Prices are not going back to the levels seen at the beginning of 2004.
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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.
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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.
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The problem is that good economic performance rests on a shaky foundation, because of large and continuing global imbalances.
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There are actions governments and central banks can take to reduce the risks of that outbreak, and we are making sure that all partners in this respect are aware of what they can do.
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We are convinced that unambiguous signs of economic recovery...are already appearing.
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We are really engaged in the future of Zimbabwe and we have been advising the authorities of Zimbabwe to change their course, both in macroeconomic terms and also in the respect of plurality and human rights and governance.
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The prospect of the fund declining to provide financial support would strengthen the incentives to implement sound policies, thus avoiding the need for fund support in the first place.
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Those arrears have been cleared but also there are issues right now regarding the consistency of data and we are working on that.
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Those are the three main elements in which we're working with Iraqi authorities,