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
absorb increase prices seen
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.
assistance balance countries existing experience financial programs provide providing support
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.
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.
amount countries facilities huge quickly shape worked
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.
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.
cleared consistency data issues regarding
Those arrears have been cleared but also there are issues right now regarding the consistency of data and we are working on that.
authority elements iraqi main three
Those are the three main elements in which we're working with Iraqi authorities,
both change engaged future human plurality respect rights terms zimbabwe
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.
advantage america economic good latin moment
This is a very good moment for Latin America to take advantage of very good economic circumstances.
clear current europe policy stable until
In Europe we think that the current policy of the ECB is appropriate... At least that is until there is a clear and stable recovery.
advised banking continue exchange market opening rate strengthen
They are opening their exchange rate to market forces. That is what we advised them to do and they should continue in that direction. They need to strengthen their banking system, and that is a big challenge.
demand great hints reduction second strong
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.
budget good year
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.
few next
We should be able to have this in the next few weeks.