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Last quote about IMF

Enrique Krauze
There has been terrible economic and social destruction. Across 15 years, a trillion dollars' worth of oil income has been squandered and 80 percent of Venezuelans have fallen into poverty. The estimated inflation rate for 2017 is 720 percent, according to the International Monetary Fund.feedback
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NEW Jun 29 2017
IMF has been commented on by 234 key people in the news. You can find all of them on this page with their statements. People who have been most quoted about IMF are: Christine Lagarde, Maurice Obstfeld, Jeroen Dijsselbloem and Poul M. Thomsen. For instance, the most recent quote from Christine Lagarde is: “You learn from your failure, and you should bounce back from a failure. I was ashamed (that I didn't get into ENA), but then I decided to just take it in and move on to something different. And there is a period of time for regretting and very soon you have to get out of that moment and look at this strength, and just get on with it. And do something different.”.
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All quotes about IMF

Mauricio Soto - International Monetary Fund

Simulations suggest that if those born between 1990 and 2009 put aside about 6pc of their earnings each year, they would close half of the gap in economic replacement rate relative to today's retirees.feedback

Mauricio Soto - International Monetary Fund

Younger generations will have to work longer and save more for retirement to achieve replacement rates similar to those of today's retirees.feedback

Mauricio Soto - International Monetary Fund

For the millennial generation coming of working age now, the prospect is that public pensions won't provide as large a safety net as they did to earlier generations. As a result, millennials should take steps to supplement their retirement income. The good news for younger workers is that retirement is some four decades away, allowing time to plan for longer careers and to put money aside for later. But they must start now.feedback

Jeroen Dijsselbloem

If all goes well, today. The IMF has asked for more clarity... on how far that could go and what that could look like, so that's what we will look at today. Could we give more specifics on what the debt measures could be? But, again, the formal decision on debt relief, if needed, will come at the end of the programme.feedback

Johan Van Overtveldt

When you look at interest rate burden... for Greece in terms of GDP it is already by far the lowest within the euro area.feedback

Bill Murray - IMF

Discussions on the debt side of the equation have only just started, so it's really early. Our position hasn't changed. We're still in discussions on that and of course the debt discussions affect the primary surplus over the horizon, so until these things fall into place, I can't really comment.feedback

Peter Kazimir

It seems to me that yes, finally (the IMF will provide funding to Greece). We have to congratulate Christine Lagarde that she managed to convince the IMF. This amount is not important, (but) it is really symbolic. Technically the IMF must be on board.feedback

Tim Adams

I'm all for it. I think supplementing what the [IMF] can do and other institutions is important as long as it doesn't interfere with some of the programs the fund has in place … I think it's such a great idea and I think it helps stabilize the region in times of crisis but having flexible exchange rates is also a shock absorber.feedback

Valeria Gontareva

I promised to write a special chapter for the IMF about what to do when your country is in a real war. You cannot pretend anymore that there is a normal business model. There is an absolutely different mood.feedback

Daniel Lenz - DZ Bank

Greece has bought some time, but the IMF needs to be involved for a real breakthrough. There is no breakthrough on the question of major debt relief for Greece, which would be a real trigger for market movement.feedback

Johannes Mayr

We will get some IMF participation, but no significant number. And this is realistic only after the German elections.feedback

Neil Dwane - Allianz Global Investors

National governments, like Germany, would lose popularity if they wrote off Greek debt. I would expect more extend and pretend from the EU and the IMF.feedback

Jihad Azour

They have very good access to the international capital markets and they are able to finance their deficit at a very low rate. Which is, in fact, giving the level of liquidity that exists in the markets. This is something that they are resorting to that is better for them than to use their reserves to finance their deficit.feedback

Jihad Azour

When you have a massive or sizeable adjustment on the public finances sometimes you have to fine tune it. And those adjustments or those reductions in the cuts are about 1 percent of the budget. Therefore, I think they will be compensated by other measures.feedback

Jihad Azour

Sizeable adjustments were made in the last two years and yesterday (Sunday) the Saudi government reemphasized commitment to bring the deficit down to balance the budget by 2020. What has been happening is two fronts, one is, to reduce the level of the budget deficit, and on the other hand, the diversification program through structural reforms in order to allow the economy to grow faster and the private sector to reach growth.feedback

Jihad Azour

The improvement of (the) oil price helped reduce the level of budget deficit this year. And there are a certain number of fiscal reforms planned going forward. On the revenue side, the value added tax is to be implemented in 2018 and this will, in fact, be a very important fiscal reform. On the expenditure side, a continuation of the removal of subsidies on energy and oil will help reduce the current level of expenditures. The level of indebtedness of the GCC (Gulf Cooperation Council) nations is low.feedback

Jihad Azour

Bringing down the level of budget deficit will allow the Saudi government to have additional fiscal space that can be used for more investment and more specific social programs.feedback

Christine Lagarde - International Monetary Fund

For the IMF to be entering into a programme with Greece would require that the programme can walk on two legs. One leg is the leg of reforms and the other leg is that of debt sustainability.feedback

Jeroen Dijsselbloem

In terms of next steps I expect all of this will allow all institutions to come to the conclusions that the numbers add up and the IMF to financially participate. The authorities committed to legislate up-front further pension and income tax reforms, each worth about one percent of GDP.feedback

Agustin Carstens

There is no country that does not have any proviso or restriction on trade. Instead of dwelling on what that concept means, we managed to put it in a more positive, more constructive framework.feedback

Ewald Nowotny

If there should be problems for specific French banks liquidity-wise, then the ECB has the ... ELA, Emergency Liquidity Assistance, but we don't expect, of course, any special movements.feedback

Christine Lagarde - International Monetary Fund

How do you see free trade being fair and what improvements can there be to that free and fair trade?feedback

Maurice Obstfeld - International Monetary Fund

Momentum in the global economy has been building since the middle of last year. We cannot be sure we are out of the woods.feedback

Christine Lagarde - International Monetary Fund

There was a clear recognition in the room that we have probably moved from high financial and economic risks to more geopolitical risks. It would certainly entail major disorder.feedback

Steven Mnuchin

In our view, excessively large trade surpluses, like excessively large trade deficits, are not conducive to supporting a free and fair trading system.feedback

Steven Mnuchin

We look to the IMF to highlight where surplus countries can more forcefully contribute to support symmetric adjustment in pursuit of a fairer global system.feedback

C. Randall Henning

The clock is ticking. With these European elections, the last thing anyone wants is another Greek crisis.feedback

C. Randall Henning

This is where it gets especially fraught. The fund is digging in its heels, but if the pattern of brinkmanship that the Europeans and the Greeks have practiced in the past prevails, you will see more instability in the markets. This is definitely creating anxiety -- both within the fund and within national governments.feedback

Agustin Carstens

What we try to do in these meetings is to strike a positive constructive balance. The use of the word protectionism is very ambiguous. What we try to do is to basically focus on what we can achieve and what our final goal is. The final goal is to take advantage of trade ... Everyone is aligned that we need free and fair trade.feedback

Christine Lagarde - International Monetary Fund

I met today with Minister Tsakalotos and his team. We had constructive discussions in preparation for the return of the mission to discuss the two legs of the Greece program: policies and debt relief.feedback

Christine Lagarde - International Monetary Fund

Whether they take particular measures to encourage innovation, support research and development by the private sector, participate in basic research themselves, or whether they work on education, skilling and reskilling on a very vast basis, will be obviously for them to decide. We certainly will be looking at how we can participate in that, how we can continue to support the growth of trade, and how it can be done in the most efficient, fair, and global way as possible. That implies clearly a level playing field, no use of distortive measures, and no protectionist measures going forward.feedback

Jim Yong Kim - World Bank Group

We are encouraged to see stronger economic prospects after years of disappointing global growth. There are still many downside risks, however, and countries that have the fiscal space need to continue with structural reforms. This is vital to accelerating the sustainable and inclusive economic growth needed to end extreme poverty by 2030.feedback

Domenico Lombardi

These meetings will all be about Trump and the implications of his policies for the international agenda.feedback

Dimitris Tzanakopoulos

What is under discussion is a small IMF funding program, which will last for one year and end at the same time with the ESM (European Stability Mechanism) program, in August 2018. I don't think it is possible to make it, to conclude the bailout review before May 22.feedback

Christine Lagarde - International Monetary Fund

The institution is changing and we will continue to do that in order to adjust to the needs of the membership, . And we will be listening to all members as they themselves change over the course of time. But everything I have seen leads me to believe that all members believe in the virtue and the value of free, fair and global trade.feedback

Christine Lagarde - International Monetary Fund

It's our assessment that the policies that would be needed are probably not going to be put in place until ... maybe a little less than a year from now. Once the Congress is over, then we are likely to see more movement than what we see at the moment. Everything that we hear, every analysis that we conduct, drives us to that conclusion.feedback

Vitor Gaspar

Clearly, we would have liked to have seen faster progress in this dimension. Such a mildly pro-cyclical fiscal policy in the United States would be associated with a significant increase in the public debt-to-GDP ratio, which is something that we find in many countries.feedback

Tobias Adrian - International Monetary Fund

The Federal Reserve has an additional policy tool which is the size of the balance sheet and it can use that policy tool to impact longer term yields. We feel that it should use that tool in a predictable manner so that it doesn't generate surprises in the market place. At the moment the market is moving somewhat sideways as people are trying to figure out what the next policy moves are going to be… but of course, we could see big moves if there is news coming out in terms of actions.feedback

Tobias Adrian - International Monetary Fund

I am not worried (but) of course there can always be policy mistakes… and the (global financial stability) report focuses very much on the scope for potential mistakes. The market overall is still taking an optimistic view hence getting the policy mix right is crucial for financial stability going forward.feedback

Maurice Obstfeld - International Monetary Fund

This improvement comes primarily from good economic news for Europe and Asia as well as our continuing expectation for higher growth this year in the US.feedback

Maurice Obstfeld - International Monetary Fund

Historically, inclusive co-operative approaches to interdependence have worked better than denial.feedback

Maurice Obstfeldt - International Monetary Fund

Our view on global trade is quite clear. We believe that trade in particular has been an important engine of growth that has lifted millions out of poverty. But at the same time it has been associated with dislocations that come in addition to the very significant dislocations that technology has caused in labor markets in advanced countries. We think a better approach than cutting off trade or managing trade heavily is to embrace trade and the productive enhancements it brings, but also to make sure that the people who are negatively affected are not left behind.feedback

Maurice Obstfeldt - International Monetary Fund

It is not surprising, therefore, that attitudes about international trade's effects on jobs and wages, as measured by leading surveys, tend to be more positive in poorer economies.feedback

Philip Hammond

The fundamentals of our economy are strong and we continue to invest in the skills needed for a stronger and fairer Britain. We are now forecast by the IMF to be the second fastest growing major advanced economy this year. In Washington this week I will be talking to our international partners about how we can carry on increasing global economic growth, with Britain again playing an active and engaged role in the global economy.feedback

Christine Lagarde - International Monetary Fund

If Greek debts are not sustainable based on IMF rules and reasonable parameters, we will not take part in the programme.feedback

Maurice Obstfeld - International Monetary Fund

So, the world economy may be gaining momentum, but we cannot be sure that we are out of the woods. How can countries safeguard and nurture the global recovery? We could be at a turning point. But even as things look up, the post?World War II system of international economic relations is under severe strain despite the aggregate benefits it has delivered -- and precisely because growth and the resulting economic adjustments have too often entailed unequal rewards and costs within countries.feedback

Maurice Obstfeld - International Monetary Fund

The economic upswing that we have expected for some time seems to be materialising. One salient threat is a turn toward protectionism, leading to trade warfare.feedback

Maurice Obstfeld - International Monetary Fund

Capitulating to those pressures would result in a self-inflicted wound, leading to higher prices for consumers and businesses, lower productivity and, therefore, lower overall real income for households.feedback

Maurice Obstfeld - International Monetary Fund

At the same time, however, the upgrade to our 2017 forecast is modest, and longer-term potential growth rates remain subdued across the globe compared with past decades, especially in advanced economies. Moreover, while there is a chance growth will exceed expectations in the near term, significant downside risks continue to cloud the medium-term outlook, and indeed may have intensified since our last forecast.feedback

Maurice Obstfeld - International Monetary Fund

One salient threat is a turn toward protectionism, leading to trade warfare. Mainly in advanced economies, several factors – lower growth since the 2010–11 recovery from the global financial crisis, even slower growth of median incomes, and structural labour-market disruptions – have generated political support for zero-sum policy approaches that could undermine international trading relationships, along with multi-lateral cooperation more generally.feedback

Maurice Obstfeld - International Monetary Fund

The global economy seems to be gaining momentum – we could be at a turning point. But even as things look up, the post–world war two system of international economic relations is under severe strain despite the aggregate benefits it has delivered – and precisely because growth and the resulting economic adjustments have too often entailed unequal rewards and costs within countries. Consistently good economic news since summer 2016 is starting to add up to a brightening global outlook.feedback

Christine Lagarde - International Monetary Fund

That would be the equivalent of adding another Japan – and more – to the global economy.feedback

Christine Lagarde - International Monetary Fund

That would be the equivalent of adding a country with an output larger than Germany to the global economy. We see a global economy that has a spring in its step–benefiting from sound policy choices in many countries in recent years.feedback

Christine Lagarde - International Monetary Fund

More recently, we worked together to ensure that the Great Recession did not become another Great Depression. Cooperation through a multilateral framework has benefited every country. Fostering more resilient growth therefore requires more international cooperation – not less.feedback

Christine Lagarde - International Monetary Fund

Our forecast for 2017 and 2018 is certainly more favourable than what we have seen in 2016, and probably a bit more so than we had forecast previously. So there is a positive short-term outlook on the horizon, which is unfortunately tainted by the risks that are still there, and that lead us to be concerned about the risk of complacency. I have also identified two key concerns that we at the IMF have: one is persistent low productivity and, second, excessive inequalities that grow together with that low productivity.feedback

Stelios Koulouglou

In the circumstances it was the best the government could get, but in essence it only prolongs the crisis, it doesn't solve it. Personally I neither trust the IMF nor [German finance minister Wolfgang] Schäuble. The IMF is still waiting for Trump to clarify his policy on Europe, and Germany is in the midst of an election campaign.feedback

Claus Vistesen - Pantheon Macroeconomics

As for the IMF, I would assume that they are in … otherwise I don't see the Eurogroup agreeing to this. Another way to put it is that they haven't said, as far as I can see at least, that they're out. So I have to assume that they're in.feedback

Jeroen Dijsselbloem

The big blocks have now been sorted out and that should allow us to speed up and go for the final stretch. There is agreement on these main topics, on these big reforms, on the size sequencing and the timing -- that is with the IMF absolutely yes. I could not talk about an agreement on those issues if the IMF had not agreed. That momentum is slipping away from us so we really need to work fast and have it done certainly well in time for the next payments Greece has to make.feedback

Gerry Rice - International Monetary Fund

We are at a point where we think there are good prospects for successfully concluding discussions on these outstanding policy issues during the next mission to Athens. Such an agreement on policies will have to be followed by discussions with euro-area countries to ensure satisfactory assurances on a credible strategy to restore debt sustainability, before a programme is presented to the IMF executive board.feedback

Christine Lagarde - International Monetary Fund

Another decade of weak productivity growth would seriously undermine the rise in global living standards. Slower growth could also jeopardise the financial and social stability of some countries by making it more difficult to reduce excessive inequality and sustain private debt and public obligations. We estimate that, if total factor productivity growth had followed its pre-crisis trend, overall GDP in advanced economies would be about five per cent higher today. That would be the equivalent of adding another Japan -- and more -- to the global economy.feedback

Christine Lagarde - International Monetary Fund

We at the IMF therefore believe that all governments should do more to unleash entrepreneurial energy. They can achieve this by removing unnecessary barriers to competition, cutting red tape, investing more in education, and providing tax incentives for research and development. I firmly believe that reinforcing trade as an engine of broadly shared growth will reduce uncertainty and boost productivity. Above all, we need more and better education.feedback

Christine Lagarde - International Monetary Fund

Education and training are the key policy actions to raise both productivity growth and reduce inequality.feedback

Christine Lagarde - International Monetary Fund

For example, the average American worker today works only about 17 weeks to live at the annual real income level of the average worker in 1915. But this engine of prosperity has slowed down in recent years, with negative consequences for growth and incomes that look very hard to unwind. One thing is clear: we need more innovation, not less. Market forces alone will not be able to deliver that boost, because innovation and invention are to some degree public goods.feedback

Steffen Dyck - Moody's

The implementation of the targets of the IMF programme–including reductions in fiscal deficits and government debt levels, as well as improvements in Egypt's external liquidity position–will help address Egypt's key credit challenges. However, ambitious fiscal consolidation targets will be challenging to achieve and could face implementation risks in a scenario of mounting public discontent.feedback

Zhu Min - International Monetary Fund

I think the market (was) a little bit over-optimistic. I think the market will be disappointed.feedback

Zhu Min - International Monetary Fund

If you're looking for what we heard just two months ago, and what we thought today right, you will see number one, (for) the border tax, the probability (of implementation) is very low ... which is a big deal. The real concern for me is the volatility caused by Mr. Trump's policies.feedback

Nikos Toskas

French authorities just informed us that it was mailed from Greece. It is not at all pleasant that these parcels originated from our country but the issue of terrorism affects all European countries.feedback

Francois Hollande

We are again confronted with an attack. There is no other word for it when you are confronted with a package bomb. We are trying to establish the causes of what happened as part of an international investigation.feedback

Haruhiko Kuroda - Bank of Japan

Not only the G20 but the IMF and OECD have said protectionism damages global trade and global economic growth, and that it is necessary to maintain free trade and investment. Japan's stance on this will not change. The momentum for inflation to accelerate to 2 per cent remains in place but lacks strength. The BOJ will continue to promote powerful monetary easing ... to achieve its price target at the earliest date possible.feedback

Nikos Toskas

We've just been informed by the French authorities that (the parcel) was posted from Greece.feedback

Christine Lagarde - International Monetary Fund

I have been informed about the explosion in the IMF's Paris office, which caused injuries to one of our staff. I have been in touch with the office, and my compassion goes to the colleagues there. I condemn this cowardly act of violence and reaffirm the IMF's resolve to continue our work in line with our mandate. We are working closely with the French authorities to investigate this incident and ensure the safety of our staff.feedback

Christine Lagarde - International Monetary Fund

Above all, we should collectively avoid self-inflicted injuries. This requires steering clear of policies that would seriously undermine trade, migration, capital flows, and the sharing of technologies across borders. Such measures would hurt the productivity, incomes, and living standards of all citizens. The recent strengthening of activity suggests that the world economy may finally snap out of its multi-year convalescence.feedback

Jens Spahn

There must not be a bail-in. We think it is very, very likely that we will come to an agreement with the International Monetary Fund that does not require a haircut.feedback

Andreas Bauer - International Monetary Fund

It's very positive that both the RBI and the government are putting a shared focus on addressing the balance-sheet problem.feedback

Jeroen Dijsselbloem

There will be a change in the policy mix if you will, moving, perhaps, away from austerity and putting more emphasis on deep reforms, which is also been a key element for the IMF. The liquidity issues as you know are not substantial and they won't occur until the summer, so in other words, there is no acute need for money. Economically of course it's important that the stability which we have achieved in Greece and the recovery, economically, continues. And therefore it would be useful if it all happens quite quickly.feedback

James Galbraith

There's a fundamental gap between the IMF, who notes correctly that the Greek debt is unsustainable, and the European creditors who do not wish to renegotiate the debt. The IMF would like the Europeans to buy them out, but the Europeans need the IMF to enforce the economic program on the Greeks. In addition to that, the IMF is utterly unwilling to face the reality that its program is a disastrous failure; instead it keeps saying the problem is only that it hasn't been applied with sufficient zeal.feedback

Peter Kazimir

As for our friends from the IMF, we like them and it's good to have them on board. But I'm not willing to pay any price for their participation, green-lighting the IMF kind of debt relief–which Greece does not need. We have elections in the Netherlands, France & Germany. I can tell from my experience that Greece is a topic you want to avoid in a campaign.feedback

Koshy Mathai - International Monetary Fund

Fiscal consolidation is a key priority, as loose fiscal policy in the past was a major driver for Mongolia's current economic difficulties and high debt. I think we're looking at a pretty good outlook for Mongolia.feedback

Effie Achtsioglou

We cannot accept IMF insistence on further cuts in pensions. As minister for pensions I must answer, hoping that IMF managing director Christine Lagarde will listen. Insisting on further pension cuts while Greek pensioners barely have enough to live on is definitely not the way to address public discontent.feedback

Athanasios Vamvakidis

Without the IMF, monitoring the bailout would be harder.feedback

Pierre Moscovici - European Union

The IMF is a very important partner, we want the IMF to be on board. We need to have an agreement including the IMF because it is a guarantee, a security for Greece. But well, we're going to discuss on and on until Monday the 20th of February so as to bring everybody on board and so that everybody feels comfortable with the parameters of what could be a compromise.feedback

Mark Assibey-Yeboah - International Monetary Fund

The IMF has supervised the rot. Which indicators have shown improvement? None of the targets have been met.feedback

Dimitris Tzanakopoulos

We expect the IMF ... to adopt a more realistic and a more constructive approach in the immediate future. We expect the same from Germany's Finance Ministry.feedback

Jeroen Dijsselbloem

People think that because there's a Eurogroup next week we have to have it worked out. But that's never been my timeframe. It's unthinkable. The IMF must also be on board.feedback

Christine Lagarde - International Monetary Fund

More to be done. More to be done. No question about that. When it comes to the financial stability, to the ability to supervise, to the strength of those institutions with due accountability - I think it's critically important for the mission that the IMF has, which is financial stability around the world. The more worrying news if you will is that it will have consequences on the rest of the world.feedback

Christine Lagarde - International Monetary Fund

I know it's not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it.feedback

Jean-Claude Juncker - European Commission

Yes, it is on a shaky ground in the sense that we don't see how the International Monetary Fund could manage this problem.feedback

Ewald Nowotny

There is neither an economic, nor a political reason for this. Greece is a European problem and Europe will solve it.feedback

George Katrougalos

It's necessary to have some debt relief, because we want to enter the QE (quantitative easing) of (ECB President Mario) Draghi. There are ongoing efforts to reach a deal next week.feedback

George Katrougalos

We are trying to forge a package that would be a decent compromise. This package, in order to be decent, cannot contain irrational demands like those by the IMF.feedback

Christine Lagarde - International Monetary Fund

IMF staff research also shows that, during crises, capital flight is greater in the least transparent countries, which underlines the benefits for financial stability that transparency can bring. Of course, what is good for our 189 member countries is good for the IMF itself. Transparency allows us to contribute to the public debate; it allows the public to scrutinize our work; and it increases our accountability.feedback

Jan Randolph - IHS

The most immediate reason why Italian bonds fell this morning is their close connection to renewed tensions over the Greek bailout terms with new disagreements between the Eurogroup of sovereign creditors and the IMF.feedback

Poul M. Thomsen - International Monetary Fund

We are saying that Greece needs to take some fairly difficult decisions to make its budget much more growth-friendly.feedback

Poul M. Thomsen - International Monetary Fund

If you compare what we were a year ago, there is a narrowing of differences of views on debt sustainability and on what is needed.feedback

Jeroen Dijsselbloem

So it's not like the IMF is saying 'leave the Greeks alone now and give them debt relie.feedback

Jeroen Dijsselbloem

It's surprising because Greece is already doing better than that report describes. At the end of the current (bailout) programme in mid-2018 we'll look again to see what's possible and what's necessary. But not earlier.feedback

Dimitris Tzanakopoulos

Our aim is to not yield to illogical demands by the International Monetary Fund, which insists on making a central issue the legislating of precautionary [austerity] measures to the sum of 4.5 billion after the programme ends.feedback

Dimitris Tzanakopoulos

The government's position is clear and it has been expressed categorically … our aim is to not yield to illogical demands by the International Monetary Fund, which insists on legislating precautionary (austerity) measures after the programme ends.feedback

Gabriel Di Bella

The mechanism will help to implement the budget for 2017, replenish fiscal buffers, and improve predictability over fiscal policy. However, a more comprehensive oil framework is needed.feedback

Simon Quijano - Legal & General Group

The biggest issue for Mongolia is the very low level of FX reserves for financing this year, which is essentially why investors are closely watching out for an agreement with the IMF. Of course, Mongolia could go for other financing options but it is always the uncertainty on each of those options that causes unnecessary volatility.feedback

Naoyuki Shinohara - International Monetary Fund

When necessary, the BOJ should take action. That's why the BOJ's policy may be interpreted as currency devaluation. But the BOJ's policy is clearly aimed at beating deflation and the yen's weakening is just a side-effect. It would therefore be puzzling for anyone to say the BOJ should stop easing. Intervention probably won't be too effective.feedback

Jeroen Dijsselbloem

I spoke to (IMF Managing Director Christine) Lagarde quite recently and she reassured me that the IMF has still strong intentions to remain part of the programme and to take that step and to participate to the programme in full.feedback

Chris Jarvis

The exchange rate is more depreciated than we expected given the fundamentals.feedback

Chris Jarvis

Although (economic indicators) for December have not been published yet, early indications are that the benchmarks for the next tranche of the loan are likely to be met.feedback

Maurice Obstfeld - International Monetary Fund

If a fiscally driven demand increase collides with more rigid capacity constraints, a steeper path for interest rates will be necessary to contain inflation, the [US] dollar will appreciate sharply, real growth will be lower, budget pressure will increase and the US current account deficit will widen.feedback

Maurice Obstfeld - International Monetary Fund

Much of the better growth performance we expect this year and next stems from improvements in large emerging market and low income economies that in 2016 were exceptionally stressed. That being said, compared to our view in October, we now think that more of the lift will come from better prospects in the US, China, Europe and Japan.feedback

Maurice Obstfeld - International Monetary Fund

At this early stage...the specifics of future fiscal legislation remain unclear, as do the degree of net increase in government spending and the resulting impacts on aggregate demand, potential output, the Federal deficit, and the dollar.feedback

Maurice Obstfeld - International Monetary Fund

Markets have noted that the White House and Congress are in the hands of the same party for the first time in six years, and that change points to lower tax rates and possibly higher infrastructure and defence spending.feedback

Maurice Obstfeld - International Monetary Fund

The global economic landscape started to shift in the second half of 2016.feedback

Wolfgang Schäuble

If (the IMF) was to decide for some reason to stop participating, the Europeans could have the idea ... (for) a solution of their own within the European currency system.feedback

Gent Sejko

In line with these forecasts, economic activity is expected to return to its balance within 2017 and inflation ... to return to its target in 2018. The current deal reached its goals ... A new agreement (with the IMF) will have to be decided after the general elections (in June 2017).feedback

Emily Stromquist - Eurasia Group

Previous talks with Singapore broke down after Mongolia deemed their lending conditions to be too strict and the interest rates too high. Japan offered financial support, but only through institutions such as the Asian Development Bank or the International Monetary Fund (IMF), assuming Mongolia chooses to comply with the standard rules for engagement.feedback

Christine Lagarde - International Monetary Fund

I have been held negligent, but without penalty, without sanction, without registration of the decision. I am not satisfied with it, but there's a point in time when one has to just stop, turn the page and move on and continue to work with those who have put their trust in me.feedback

Christine Lagarde - International Monetary Fund

There is a point in time when one has to just stop, turn the page and move on. I am very happy to not appeal this decision and to focus all my attention, all my time, all my efforts, all my energy and enthusiasm to my mission as head of the IMF.feedback

Jacob L. Lew - U.S Treasury

She's a strong leader of the IMF and we have every confidence in her ability to guide the Fund at a critical time for the global economy.feedback

Christopher Baker

There is no sentence, which means there's no record of this. The result of this last five years is nothing, which leaves us in kind of a complicated and strange situation.feedback

Simon Quijano-Evans - Commerzbank

It seemed quite clear for some time that the government had to do something, so this probably comes as a relief, especially if we see positive comments from the IMF (International Monetary Fund). However, multi-month, markets will be focused on how much capital is required from the state and how much can be obtained from the original owners in order to reduce the fiscal burden.feedback

Gerry Rice - International Monetary Fund

The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France. It is expected that the Board will meet again shortly to consider the most recent developments.feedback

Allen Sandeep

Historically, any time an emerging market won an IMF bailout, stock markets soared - one case study could be India's bailout in 1991, because structural change on both the monetary and fiscal level will eventually be prosperous for the economy.feedback

Andrea Schaechter - International Monetary Fund

Getting these economies of scale could also imply mergers, whether ...within the national economies or crossborder ...Both are possibilities.feedback

Annika Breidthardt - European Commission

Greece has already implemented major reforms under the ESM programme and is on track to reach the agreed fiscal targets. It is important that all institutions recognise these achievements of the Greek programme.feedback

Annika Breidthardt - European Commission

The European institutions consider that the policies of the ESM programme are sound and if fully implemented can return Greece to sustainable growth and can allow Greece to regain market access.feedback

Nikolay Georgiev

We are encouraged by recent high-frequency indicators that show that in the fourth quarter the economy is having good momentum with respect to investment and employment. This creates a good basis for next year. It's not a rounding effect. It has its basis in the solid developments in the fourth quarter.feedback

Christopher Mesnooh

(Lagarde) had a high government position when the decision was made to pursue the arbitration and then not to appeal the award.feedback

Dimitris Tzanakopoulos

They must stop insisting on continuing a policy of extreme austerity which has been proven destructive for society and also economically ineffective.feedback

Florian Baier

In our view, the deal is not sufficient to bring Greek public debt on a sustainable footing but political uncertainty might mean the ECB is inclined to include Greek debt (after) a successful second review. The bigger picture though is the IMF, it is crucial for Greece. I mean, maintaining political support from Germany and Netherlands is so important with elections coming up next year in both countries.feedback

Dimitris Tzanakopoulos

The government will continue its effort for a comprehensive deal, if possible by the end of the year.feedback

Dimitris Tzanakopoulos

We've made clear that there is no chance we'll accept what the IMF demands on (austerity) measures and labour reforms.feedback

Yannis Dragasakis

The only source of uncertainty are the questions that arise from the IMF stance and some countries' obsession with its participation in the programme.feedback

David Lipton - International Monetary Fund

The authorities' resolute stance in unwinding the bank bailouts is welcome. Following through all steps until the bailouts are irreversibly unwound will be important to safeguard public finance.feedback

Stephen Dhieu Dau

We will be approaching our friends, partners and the donors to fill the gaps, this is what I am expecting because we are talking to the IMF.feedback

Joao Paulo Dias

The reform's nature was cosmetic to show to the troika (of EU-IMF lenders) that Portugal was taking action.feedback

Bessma Momani

This means the IMF can't avoid political engagement in countries, exposing it to a backlash if economic transitions prove painful.feedback

Hany Genena - Beltone Financial

People are buying the economic growth expected in the next few years ... Most of the money is transfers from abroad.feedback

Santhosh Balakrishnan - Riyad Capital

What we are witnessing this year is that idiosyncratic risk is driving market performance, and the stock market performance has somewhat decoupled from the movement of oil prices.feedback

Muhammad Shabbir - Rasmala Investment Bank

The positive reaction following the currency float and with the IMF $12 billion loan inching closer investors shrugged off the global negative sentiment.feedback

Christine Lagarde - International Monetary Fund

Over the past few months, the Egyptian authorities have embarked on an ambitious reform program to put the country's economy on a sustainable path and achieve job-rich growth. I will recommend that the board approve Egypt's request.feedback

Amr El Garhy

Yesterday the central bank governor and I sent the letter of intent. This was the document we still needed to send to complete the procedures.feedback

Hisham Ezz al-Arab - International Monetary Fund

For the last tens of years we are talking about the exchange rate as a target as an objective. It's the first time ever we talk about the exchange rate as a tool.feedback

Angus Blair

There will be relief in the market and with companies that the devaluation has happened. The resetting of Egypt's economic equation has begun at last, but much more needs to be done by the government to reform the economy.feedback

Angus Blair

Inflation is already high and it is endemic in Egypt.feedback

Chris Jarvis

All of this will help foster growth, job creation and stronger external position for the country.feedback

Aleksandar Vucic

We had long and difficult talks with IMF. They are always cautious, but I think we have achieved great results that can make us proud.feedback

Gerry Rice - International Monetary Fund

If Greece and its partners want to pursue a more ambitious target, we would need to see the reforms that make it add up.feedback

Sherif Ismail

I imagine that within the coming two months and before the end of the year we will have signed the loan.feedback

Juha Kahkonen - International Monetary Fund

The protracted nature of these shocks underlines the pressing need to diversify those economies away from their dependence on remittances and commodity exports, so they can more effectively cope with the kinds of economic challenges they're currently facing.feedback

Juha Kahkonen - International Monetary Fund

The success of these measures will allow the region to enjoy more sustained and inclusive growth, which will improve living standards and lower poverty rates.feedback

Juha Kahkonen - International Monetary Fund

Policymakers need to take important steps toward promoting strong and inclusive growth and job creation, much needed to preserve and improve living standards.feedback

Juha Kahkonen - International Monetary Fund

Discussions are under way and the key issue there is the banking sector.feedback

Juha Kahkonen - International Monetary Fund

Progress has been made in the discussions and discussions will continue in the coming weeks and we hope the programme can be agreed in the coming months.feedback

Masood Ahmed - International Monetary Fund

Some countries -- Saudi Arabia, Bahrain and Oman -- start from a position where they have to make more of an adjustment to be able to balance their budget in five years. They all do have policies that they're articulating that will help them get there, but they will entail difficult choices.feedback

Masood Ahmed - International Monetary Fund

The big challenge for Iran is can you sustain that 4-to-5 percent growth over the medium term, or is it just a one-time increase you get? They can, but they have to move on addressing some of the other constraints in their economy.feedback

Minouche Shafik - Bank of England

I have just got back from the annual meetings of the International Monetary Fund and the World Bank. I've been going to these meetings for 20 years, and this last meeting I went to is the one in which politics and geopolitics was discussed more than ever.feedback

Aly-Khan Satchu

The sooner they do (IMF talks) the better. They have talked to the World Bank, all the sovereign wealth funds but nobody is interested.feedback

Ed Al-Hussainy

It is an old school orthodox play. How many times are you going to catch a transition like this?feedback

Poul M. Thomsen - International Monetary Fund

We clearly think that Germany has some fiscal space and that it should use it, but ... the problem with low growth in the euro zone is mainly structural and requires structural reforms in individual countries.feedback

Poul M. Thomsen - International Monetary Fund

We should not believe that just to get Germany to do more is going to solve Europe's growth problem.feedback

Jeroen Dijsselbloem

I think really we should discuss it ... I will bring it up here at the IMF meetings. There is a limit to what you should and could do in relation to financial stability and as soon as you come close to that you're overstating things.feedback

Pierre-Yves Bareau

EM growth is getting better at the margin and a lot of current accounts have moved into positive territory. The difference between EM and developed market growth is growing again.feedback

Sean Newman - INVESCO

This could be a bargaining tactic to dissuade some of the free-riders.feedback

Pierre-Yves Bareau

I like Latin America which has lagged on the debt side. It is the only region left where you have positive political catalyst.feedback

Markus Rodlauer - International Monetary Fund

It will continue to have bumps on the way, but I think it's reasonable to expect that they will remain successful in managing this transition well in a gradual way.feedback

Christine Lagarde - International Monetary Fund

Deutsche Bank, like many other banks, has to look at its business model, which I'm sure it does because it's in the process of selling assets here and there. It has to look at its long-term profitability, given the lower-bound interest rates we have around the world and probably for longer than many expect, and decide what size it wants to have and how it wants to strengthen its whole balance sheet.feedback

Christine Lagarde - International Monetary Fund

A bad settlement is always better than a good trial. We're not in a trial mode clearly in the case of Deutsche Bank but a settlement would certainly be welcome because it would deliver some certainty as to what weight the bank will have to carry and whether it matches with its provisions or not. So the sooner, the better.feedback

Wolfgang Schäuble

More and more, people don't trust their elites. They don't trust their economic leaders, and they don't trust their political leaders.feedback

Joseph Stiglitz

Yes, I do. As time goes on, it will become clear that unless Germany and the Troika relent, unless there is a debt restructuring, that even the IMF says is absolutely necessary, unless there are these changes in the policy framework, then I think that the only course forward is for Greece to go another way.feedback

Vitor Gaspar

Excessive private debt is a major headwind against the global recovery and a risk to financial stability. The Fiscal Monitor shows that rapid increases in private debt often end up in financial crises. Financial recessions are longer and deeper than normal recessions.feedback

Laurie Mayers - Moody's

We don't think Deutsche would agree to a settlement that would jeopardize their ability to make their AT1 coupon payments in April 2017.feedback

Christine Lagarde - International Monetary Fund

Given the very, very low financing costs, particularly for a country like Germany, it is certainly the right time to develop infrastructure further. It's not just about Germany, let's face it. Every country can do something.feedback

Ian Bremmer - Eurasia Group

We'll see what we get from all of these member states, but the initial responses actually make me pretty optimistic.feedback

Ian Bremmer - Eurasia Group

The geopolitical recession is really just picking up steam. And that's about a lack of global leadership. It's unilateralism from the U.S. and everyone else and it's also the delegitimization of a lot of development governments – the anti-establishment tendencies that we're seeing in the U.S., we're seeing in Europe – it's making it a lot harder for organizations like the IMF to do their jobs.feedback

Ian Bremmer - Eurasia Group

They need to recognize that political instability and the changes in the political order are going to directly undermine their mandate.feedback

Ian Bremmer - Eurasia Group

If they are not able to comment on that in the same way that they comment on a country which is not putting policies in place that will allow them to grow or meet the IMF mandate, then you've got challenges.feedback

Vitor Gaspar

These types of policies could be particularly useful in China. But in order to work, they need to be adequately designed and subject to strong governance principles.feedback

Michael Sapin

The IMF said 1.6 percent before summer, now it says 1.3 percent. Its target changes all year long, ours does not. I set a 1.5 percent target, it is a reasonable target that we need to realise and we will work towards that.feedback

Maurice Obstfeld - International Monetary Fund

Taken as a whole, the world economy has moved sideways. Without determined policy action to support economic activity over the short and longer terms, sub-par growth at recent levels risks perpetuating itself. In short, growth has been too low for too long, and in many countries its benefits have reached too few - with political repercussions that are likely to depress global growth further.feedback

Jack Lew - U.S Treasury

Being part of the SDR basket at the IMF is quite a ways away from being a global reserve currency.feedback

Hans Joerg Schelling

They earn less money and to be resistant against shocks you have to make more profit, and that's a common opinion from the International Monetary Fund, from the World Bank, from the OECD, from everybody.feedback

Jens Spahn

We do need more growth in Europe and in the world, without any growth there won't be inflation and without inflation there won't be rising interest rates, so we need growth. But the problem is that at big meetings of the IMF or G-20 we all agree in the declarations that we need to do structural reforms but back home in our countries and national states, we don't do what is necessary – not in Germany nor in other countries.feedback

Christine Lagarde - International Monetary Fund

Adding it all up, the good and the bad, we continue to face the problem of global growth being too low for too long, benefiting too few. If we were to turn our backs on trade now, we would be choking off a key driver of growth at a point when the global economy is still in need of every good piece of news it can get.feedback

Sarah Glendon

It is a deteriorating fundamental story. I don't expect that to change overnight. However some positives may include a change of government and an IMF program.feedback

Jeroen Dijsselbloem

Summer is over. We really need to restart and pick up on the time lost. And the Greek minister, our Greek colleague, was I think convinced there was a joint interest for all of us to keep this on track. It has very much to do with trust, trust of course between us, trust in the IMF… but also trust from the outside world in Greece and the Greek economy.feedback

Christine Lagarde - International Monetary Fund

I draw a lot of strength and determination from the very strong support from the board,. And I rely on good and solid lawyers who have to do their jobs, so it's not a distraction for me. I focus my energy and time on the mission of the IMF and what I have to do to serve that mission.feedback

Christine Lagarde - International Monetary Fund

It is easy to blame trade for all the ills afflicting a country, but curbing free trade would be stalling an engine that has brought unprecedented welfare gains around the world over many decades.feedback

Christine Lagarde - International Monetary Fund

The fact that Egypt has now reached an agreement with the IMF is an indication that they are taking their economic restructuring, their economic objectives seriously, and that should encourage either friendly neighbouring countries or other bilateral partners to actually participate in the funding.feedback

Alex Segura-Ubiergo - International Monetary Fund

It is important to move quickly to an international forensic audit. Investors are still interested in investing in Mozambique and this will bring foreign exchange, will bring dollars, but for this we need also the return of confidence.feedback

Nick Cousyn

There is a good chance China asserts its regional influence and offers Mongolia a bigger and better deal than the IMF in a bailout.feedback

Jonathan Portes

With interest rates at historic lows, essentially the government can borrow for free. It has been obvious to almost all economists that increasing public sector investment is sensible. That consensus has been bolstered by the like of the IMF (International Monetary Fund) and OECD (Organization for Economic Co-operation and Development).feedback

David Lipton - International Monetary Fund

I think as long as the U.K. and EU approach Brexit with a cooperative spirit, the outcome can be a good one.feedback

David Lipton - International Monetary Fund

In some areas they're very ambitious, the reforms are very significant … China's policies contribute a lot to the collective G-20 (Group of 20) effort so China is doing a lot [but] I think it's also fair to say that they're not yet doing enough.feedback

Natalia Koliadina - International Monetary Fund

The completion of prior actions is not unusual in Fund programs and, while their implementation takes time, they need to be met before the board meeting. The programme is "broadly on track. Subject to this work being completed and prior actions met IMF staff will finalise the preparation of the required documentation for the Executive Board's consideration of the review.feedback

Maurice Obstfeld - International Monetary Fund

As of June 22nd we were prepared to upgrade our 2016-2017 growth projections slightly. But Brexit has thrown a spanner in the works.feedback

Maurice Obstfeld - International Monetary Fund

The real effects of Brexit will play out gradually over time, adding elements of economic and political uncertainty. This overlay of extra uncertainty, in turn, may open the door to an amplified response of financial markets to negative shocks.feedback

Maury Obstfield - International Monetary Fund

The first half of 2016 revealed some promising signs – for example, stronger-than-expected growth in the euro area and Japan, as well as a partial recovery in commodity prices that helped several emerging and developing economies. As of June 22 (the day before the U.K.'s Brexit vote), we were therefore prepared to upgrade our 2016-17 global growth projections slightly. But Brexit has thrown a spanner in the works.feedback

Markus Rodlauer - International Monetary Fund

We do believe that the growth in the real estate sector is on a dangerous trajectory and needs to slow down.feedback

Markus Rodlauer - International Monetary Fund

Cambodia is a fast-growing, highly open economy and just attained lower middle income country status.feedback

Wolfgang Schäuble

That two things together – the global overhang of indebtedness, private, public and company, together with an ultra-loose monetary policy – maybe is one of the risks we will have to tackle even since we have drawn all the lessons of the financial crisis 10 years ago.feedback

Wolfgang Schäuble

If the IMF itself is warning against the consequences of ultra-loose monetary policy, I think it's a sign of hope that we will take more seriously what the Bank for International Settlements is saying again, again and again.feedback

Valdis Dombrovskis - European Commission

For various reasons, the windfalls from higher growth and lower interest rates were insufficiently used to reduce deficits and debt.feedback

Min Zhu - International Monetary Fund

Malawi's macroeconomic situation remains difficult, reflecting weather-related shocks and past policy slippages, which contributed to persistently high inflation.feedback

Min Zhu - International Monetary Fund

Accelerating the implementation of public financial management reforms is indispensable to building trust and confidence in the budget process and ensuring control over fiscal operations.feedback

Peter Kazimir

It was a complicated birth tonight. It's probably about as good as it gets.feedback

Michael Sapin

Even if the discussions were long, the atmosphere was always extremely relaxed. This deal is first and foremost a declaration of confidence in today's Greece.feedback

Rene Arecht - DZ Bank

The agreement between Greece and its creditors is positive for risk sentiment and in turn peripheral bond markets.feedback

Jeroen Dijsselbloem

It was difficult because we are asking a lot of the Greeks, the IMF was asking a lot of us, and we were asking quite a lot of the IMF to step back in.feedback

Jeroen Dijsselbloem

We achieved a serious breakthrough on Greece which allows us to enter a brand new part within the Greek monetary help program. That is stretching what I assumed would have been attainable not so way back.feedback

Wolfgang Schäuble

Debt relief in the outer years, beyond 2018, could depend on GDP growth, for example, but could not be conditioned on policy measures, since that implies another future programme and that debt is not sustainable with just this programme.feedback

Gerry Rice - International Monetary Fund

The IMF is flexible, but we have a job to do and the membership looks to us to do that job.feedback

Gerry Rice - International Monetary Fund

We stand ready to take a program to the board, but ti would need to meet those objectives and principles.feedback

Gerry Rice - International Monetary Fund

We have exchanged preliminary views with our partners on general principles regarding debt relief. We believe that it is possible to restore debt sustainability without upfront haircuts, although this would involve providing very concessional loan terms, including long grace and maturity periods and very low interest rates.feedback

Timothy Ash

In a way there is a window for reform at present in Ukraine, which I guess the IMF is eager to push along while it still has leverage.feedback

Tim Callen - International Monetary Fund

To ensure their success, the reforms will need to be properly prioritised and sequenced, and the appropriate pace of implementation carefully assessed.feedback

Michael Hewson - CMC Markets

It still seems unlikely that the Fed would move in June, firstly because there may not be enough positive data available to act with confidence, and secondly because to do so would suggest that the U.S. central bank doesn't really consider the U.K. referendum a significant enough tail risk, despite all the siren calls to the contrary, from bodies like the IMF, OECD, World Bank, not to mention President Obama.feedback

Dimantha Mathew - International Monetary Fund

It's purely on the IMF deal. The buying came in and we will see this trend continuing for a few more days. But it could be a short-lived one with expected poor earnings while interest rates have been on the rise.feedback

Oleksandr Danylyuk

We are not looking at the IMF as a chocolate bar that you eat and how much energy and how many kilometres, miles you can run before you get another chocolate bar. They need to understand that we are equal partners.feedback

Oleksandr Danylyuk

Finding exactly what are the solutions, that's where we will have discussions with the IMF. On pension reform, because that needs to be fixed, eventually, the vision of it. And many other areas.feedback

Oleksandr Danylyuk

We just have to be in constant dialogue with them, not blackmailing them. It's the wrong tactic, I hate it. ... This time it will not be like that.feedback

Oleksandr Danylyuk

If it's not one system, then some goods that enter Ukraine are just lost or turn out to be something else. What we have is cars coming, but they're sold as teapots. It's a real mess.feedback

Takis Zamanis - Beta Securities

No deal is causing uncertainty that the country could again be led to a situation where it won't be able to cover its (financial) obligations.feedback

Olga Gerovassili

The insistence of the IMF is affirmed by its refusal to accept the proposal of the Greek government to introduce a fiscal correction mechanism..... and that despite the fact that it met all preconditions set by the Eurogroup last week.feedback

Alejandro Werner - International Monetary Fund

The earthquake was a devastating phenomenon, and obviously we have facilities for countries that suffer natural catastrophes.feedback

Masood Ahmed - International Monetary Fund

I do see in a number of countries action to address the budget deficit. That gives us encouragement and comfort.feedback

Alexis Tsipras

Greece, which has a primary surplus of 0.7%, does not need extra measures. What Greece needs is an essential debt relief. Greece, in this last turn, needs a push forward not backwards. Those who have made huge mistakes, wrong choices and projections, should not be allowed to repeat their mistakes.feedback

Alexis Tsipras

Despite all that what does Eurostat tell us? That we had a primary surplus of 0.7 percent instead of the projected 0.25 percent primary deficit. That is to say that we exceeded the programme's target by nearly 1 percent. Let's not forget that at the same time the IMF forecasts were for a 1 percent (deficit) or 0.6 percent (deficit). We exceeded the IMF forecasts by 2.3 billion euros. And we did all this in a difficult year. Nothing happened by chance. Everything happened because we worked with vision, with patience and with persistence.feedback

Kristalina Georgieva - European Commission

We have done an assessment in the Commission and our judgement is that over this and next year we are likely to see a boost of GDP in the order of 0.2, 0.3 percent growth in Europe being around two percent. This is not negligible.feedback

Christine Lagarde - International Monetary Fund

There was not exactly the same level of anxiety but I think there was an equal level of concern, and a collective endeavour to identify the solution and the responses to the global economic situation.feedback

Thomas Jordan - Swiss National Bank

This is easier said than done. These structural reforms are difficult to pass through parliaments…there is a certain risk that this will be postponed.feedback

Christine Lagarde - International Monetary Fund

There's plenty of work to do so don't expect any immediate outcomes because those things take time. Our position on the Greek economic sustainability and stability has not changed.feedback

Maurice Obstfeld - International Monetary Fund

In many countries the lack of wage growth and greater inequality have created widespread senses that economic growth has mainly been to the benefit of economic elites.feedback

Stefan Grobe - Euronews

Where is the US economy at the end of the Obama years and what will be the challenges for the next administration? We are hearing a lot on the campaign trail that the economy is rigged and that the situation is worse than the employment figures suggest. What is your assessment?feedback

David Lipton - International Monetary Fund

We consider the economy to be growing comfortably. It's been growing at about 2.4% and we expect that again in 2016. We consider this to be a solid recovery. Of course, in the future, whoever comes in following President Obama, will inherit a healthy economy, I believe, but faces many long-term challenges. As one is seeing in the presidential campaign, there is a lot of discontent among the US population. The middle class has not been thriving.feedback

Jim Yong Kim - World Bank Group

The Brexit is for the British voters, and we leave it to the British voters to decide. Given our projections of lower growth this year – that is not going to do well with more uncertainty.feedback

José Viñals - International Monetary Fund

What we are seeing is that thanks to the lower uncertainty about China's economic prospects, self-stabilizing forces are being operated in the foreign exchange market and that has made it a lot easier for the exchange rate to remain stable without the heavy interventions that we saw earlier in the year.feedback

José Viñals - International Monetary Fund

This may seem like a large number, but it is manageable given China's bank and policy buffers and continued strong growth in the economy.feedback

Maurice Obstfeld - International Monetary Fund

Global growth continues, but at an increasingly disappointing pace that leaves the world economy more exposed to negative risks. Growth has been too slow for too long.feedback

Maurice Obstfeld - International Monetary Fund

Several large emerging market economies face deep contractions due to internal political strife or geopolitical pressures and a number of low-income countries suffer El Nino-related drought or flooding. The costs could escalate.feedback

Angela Merkel

It is not a demand of the federal government to have no debt haircut but rather in our opinion this is legally not possible in the euro zone. The German position is that the IMF takes part in an agreement ... We want a quick conclusion of these talks.feedback

Nick Stamenkovic - RIA Capital Markets

The main driving force is the ECB's increased amount of public sector asset purchases and there's a very favourable supply-demand imbalance this month.feedback

Alexis Tsipras

It seems that some people are playing games with an aim to destabilize us. We will not allow (IMF's) Thomsen to destroy Europe.feedback

Delia Velculescu - International Monetary Fund

They need to take a stand on whether they believe our projections or the commission's projections.feedback

Poul M. Thomsen - International Monetary Fund

I hope for the sake of the Greeks we are going to find a solution soon.feedback

Olga Gerovassili

The Greek government is demanding explanations from the IMF over whether seeking to create default conditions in Greece, shortly ahead of the referendum in Britain, is the fund's official position.feedback

José Viñals - International Monetary Fund

The cost of inaction will be costly in terms of global growth. I will argue that esteemed policymakers need to adopt urgently more comprehensive and concerted policy action to strengthen growth and manage financial vulnerabilities.feedback

David Lipton - International Monetary Fund

What is needed is a three-pronged approach through monetary and fiscal policies, as well as structural reforms to strengthen the baseline and guard against the risks.feedback

Christine Lagarde - International Monetary Fund

I have received a letter from Mr. Harris Georgiades, Minister of Finance for Cyprus, informing me of his government's decision to cancel the Extended Fund Facility arrangement, effective March 7, 2016. The Fund's 36-month EFF arrangement was scheduled to expire on May 14, 2016.feedback

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