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
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,
fund placed provide uniquely
The Fund is uniquely placed to provide this function.
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.
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.
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.
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.
certain circumstance global increase risks
However, we do see some significant risks that under certain circumstances could increase the vulnerability of the global economy.
beginning demand levels prices seen strong
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.
growth alternatives engines
There is not an alternative to the US as the engine for growth.
senior development directors
Masood Ahmed brings to the position of director of external relations extensive experience gained in a range of senior positions in international finance and development.
errors trying imbalance
To try to correct imbalances with trade restrictions is a grave error.
encouragement italian government
We would certainly encourage the Italian government to put forward an ambitious agenda of reform.
acute recovery
We see a recovery in Europe, not very acute but a recovery, and we see a more broad-based recovery in Japan.
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.