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
errors trying imbalance
To try to correct imbalances with trade restrictions is a grave error.
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.
actions aware banks central partners reduce respect risks sure
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.
continuing economic global good large performance problem rests shaky
The problem is that good economic performance rests on a shaky foundation, because of large and continuing global imbalances.
avoiding declining financial fund implement incentives prospect provide sound strengthen support thus
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.
convinced economic signs
We are convinced that unambiguous signs of economic recovery...are already appearing.
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.
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.
optimistic point views
I find these views optimistic to the point of willful blindness.
chinese given healthy importance
Given the importance of the Chinese economy, that will be healthy for the world economy.
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.
aware clearly companies consumers increase oil true
We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.
acute recovery
We see a recovery in Europe, not very acute but a recovery, and we see a more broad-based recovery in Japan.