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
certainly oil prices threat
oil prices have become certainly a threat to the world economy.
advantage chinese clearly flexible gradual monetary move recognize system
I think the Chinese authorities, one, clearly recognize the advantage to move to a more flexible monetary system and, two, they recognize it has to be done in a gradual way but that it has to be done without delay,
advice community effort focused fund individual intent key members priorities
Our intent is to make the fund more focused on the key priorities of this effort by making our advice to individual members and the whole international community more effective.
adjust higher last likely prices situation
It is likely that higher prices are going to last and that ... we have to adjust to a situation that is going to last.
both effect measures obstacles reduce sooner start surely time
There is a need to reduce obstacles to both upstream and downstream investment, and to invigorate conservation programs. These measures will take some time to show effect but surely the sooner we start the better.
agenda biggest countries expressed fund glad publicly support
I'm very glad to see that the biggest shareholder of the Fund has already expressed publicly its support for this agenda and other significant countries have done so to.
advantage america economic good latin moment
This is a very good moment for Latin America to take advantage of very good economic circumstances.
certain circumstance global increase risks
However, we do see some significant risks that under certain circumstances could increase the vulnerability of the global economy.
fund placed provide uniquely
The Fund is uniquely placed to provide this function.
clear committee given mandate proposals
The committee has given me a clear mandate to make some proposals in Singapore.
economy far global impact oil remains serious
The impact of oil on the global economy has so far been moderate, but it remains a serious risk.
address country covered debt future issues pension people producing social states united weight
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.
clearly corrected decline dollar growth interest pose prosperity rise risks serious
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,
achieve debt help poverty
Alleviation of that debt will help achieve a substantial poverty reduction.