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Last quote about IMF

Tao Zhang - International Monetary Fund
It's already happening, it should continue, and of course during the process the rapid credit expansion needs to be paid closer attention to, and we observe the authorities are taking measures, and these measures actually already have early, positive results.feedback
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Oct 17 2017
Multiple people spoke about IMF in the news. We gather all their quotes on this page, an easy way to see all views about this topic at a glance. To go deeper, all quotes are redirected to the article from which they come. Christine Lagarde is the person who had the greatest number of quotes. The most recent one of them is: “Brexit is an ongoing process and our hope is that it be conducted promptly to reduce the level of uncertainty and the anxiety of people about the outcome and the situation of people first, of business second. Because this is affecting the people and the businesses.”.
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All quotes about IMF

Christine Lagarde - International Monetary Fund

I just cannot imagine that [no deal] will happen because for the people themselves what does it mean – for the Europeans who are based in the UK and the British who are residing in the EU? The World Trade Organisation does not provide for such eventualities.feedback

Christine Lagarde - International Monetary Fund

Far too many people across all types of economies are seeing their aspirations limited by the impact of technologies and the repercussions of excessive income inequality. The most efficient way to reduce the inequalities would be to actually close the gender gap between men and women. And that is a no-brainer. Whether it is access to the labour market, whether it is access to finance, whether it's the gender gap in terms of compensation, that would achieve a lot in order to reduce inequalities. And that applies across the world.feedback

Christine Lagarde - International Monetary Fund

What we are seeing is a recovery that is stronger, is much more broadly based than in recent years. And we expect higher global growth this year and next.feedback

Jim Yong Kim - World Bank Group

We are concerned that risks such as arising protectionism, policy uncertainty or possible finanial market turbulence could derail this fragile recovery.feedback

Christine Lagarde - International Monetary Fund

There is so much that has been brought together between the continent and the United Kingdom that it requires a very specific approach to reduce the uncertainty that is damaging [economic] potential.feedback

Christine Lagarde - International Monetary Fund

I don't know if the two-year transition is going to be agreed upon as was proposed by prime minister May in her Florence speech, but certainly clarity on the timetable and better certainty on the three pillars which are the beginning of the negotiations would help reduce this uncertainty.feedback

Vitor Gaspar

The average top income tax rate for OECD member countries fell from 62 percent in 1981 to 35 percent in 2015. In addition, tax systems are less progressive than indicated by the statutory rates, because wealthy individuals have more access to tax relief. Importantly, we find that some advanced economies can increase progressivity without hampering growth, as long as progressivity is not excessive.feedback

Scott Morrison

The latest census showed on the global measure of inequality, which is the Gini coefficient, that is the accepted global measure of income inequality around the world and that figure shows it hasn't got worse, it has actually got better.feedback

Vitor Gaspar

Most people around the world live in countries where inequality has increased.feedback

Christine Lagarde - International Monetary Fund

Some advanced economies could raise their top tax rates without slowing growth.feedback

Tobias Adrian - International Monetary Fund

Experience has taught us that it is during times of easy financial conditions that vulnerabilities build.feedback

Vitor Gaspar
Mercedes Garcia-Escribano

Despite progress, gaps in access to quality education and healthcare services between different income groups in the population remain in many countries.feedback

Maurice Obstfeld - International Monetary Fund

Situation in Spain is indeed concerning as it causes a lot of uncertainty, both for the Catalan economy, for the Spanish economy. We can only hope that the parties don't act precipitately, negotiate. There is a lot of potential gains on both sides if they do so.feedback

Maurice Obstfeld - International Monetary Fund

If the strength of the current upswing makes the moment ideal for domestic reforms, its breadth makes multilateral cooperation opportune. Policymakers should act while the window of opportunity is open.feedback

Maurice Obstfeld - International Monetary Fund

In particular, most advanced economies face medium-term growth rates significantly lower than in the decade before the global financial crisis of 2007–09. Priorities for mutually beneficial cooperation include strengthening the global trading system, further improving financial regulation, enhancing the global financial safety net, reducing international tax avoidance, fighting famine and infectious diseases, mitigating greenhouse gas emissions before they create more irreversible damage, and helping poorer countries, which are not themselves substantial emitters, adapt to climate change.feedback

Maurice Obstfeld - International Monetary Fund

The picture now is very different, with accelerating growth in Europe, Japan, China and the United States.feedback

Maurice Obstfeld - International Monetary Fund

The recovery is also vulnerable to serious risks. Financial markets that ignore these risks are susceptible to disruptive repricing and are sending a misleading message to policymakers. Policymakers, in turn, need to maintain a longer-term vision and seize the current opportunity to implement the structural and fiscal reforms needed for greater resilience, productivity and investment.feedback

Maurice Obstfeld - International Monetary Fund

These positive developments give good cause for greater confidence, but neither policymakers nor markets should be lulled into complacency. A closer look suggests that the global recovery may not be sustainable. Not all countries are participating, inflation often remains below target, with weak wage growth, and the medium-term outlook still disappoints in many parts of the world.feedback

Winston Peters

I think exporters will be pleased, we are an export-dependent nation. Well if you're an export dependent nation why would you persist with an inflated dollar, which even the IMF (International Monetary Fund) says is over-valued? Why would you just ignore all the best advice in the world? But then again this is not just an economic matter.feedback

Christine Lagarde - International Monetary Fund

We have said regularly, and very strongly in the last review of the U.S. economy, that tax reform is a must. Tax reform in the U.S. is an imperative. It has to be simpler. It has to be a lower corporate rate. It has to eliminate all the exemptions ... that make the system so complicated. It has to be focused on improving the situation of the middle class. It has to be conducive to more labor.feedback

Christine Lagarde - International Monetary Fund

I'm not a fan of anybody. And I'm not a fan of any particular initial proposals. We want to see the details.feedback

Christine Lagarde - International Monetary Fund

It should be budget neutral. It should not increase the deficit. It should not drive to more debt in the future. It's impossible to model the outcome. It's too embryonic at the moment. And it's not gone through the legislative process ... which will add complexity, will be subject to lobbying forces.feedback

Christine Lagarde - International Monetary Fund

The recovery is not complete. Some countries are growing too slowly, and last year 47 countries experienced negative GDP growth per capita.feedback

Boris Johnson

It would be disastrous. And in leaving Britain in this limbo – locked in the orbit of the EU but unable to take back control. Unable to do proper free trade deals. Labour would inflict a national humiliation on a par with going cap in hand to the IMF.feedback

Poul M. Thomsen - International Monetary Fund

On the subject of the Greek banking system, let me emphasize that we see no financial stability concerns at all in Greece. The issue is that we need to be sure that there is a strategy to deal with Greece's exceptionally high level of non-performing loans over the medium term.feedback

Diane Abbott

When Jeremy and I first came to conference it was a delegates' conference. I remember in 1970s when we had gone to the IMF for a loan and [Labour chancellor] Denis Healey wanted to speak. He wasn't allowed to speak from the platform, he had to go to the mic and they cut him off after five minutes.feedback

Viraj Patel

Any BoE-fuelled sterling rally may be on its last legs; what we have defined as a 'withdrawal of stimulus' hiking cycle is now priced into the currency. Anything more would be an overshoot in our view and we therefore expect Governor Carney's speech at the IMF (International Monetary Fund) today to acutely manage market expectations.feedback

Alexis Tsipras

We can live with or without the IMF presence. What we cannot do is live with the IMF setting one foot in and leaving one foot out.feedback

Alexis Tsipras

We ought to be careful in the coming period. But we need to have a full picture of the economy... we are above targets and we will make sure that there will be a dividend for the vulnerable, which we will announce at the right time.feedback

Emmanuel Macron

The presence of the IMF was a symptom of the lack of trust between European states, between European institutions and the member states.feedback

Alistair Darling

If the plan hadn't worked, I honestly don't know where you'd have gone next, because the IMF even wasn't big enough to help out. I think the reason it worked was we did far more than people expected and we did it far more quickly than people expected - you can contrast that with what's been going on with Greece over the last few years.feedback

Claus Vistesen - Pantheon Macroeconomics

The Greek return to the market is a big step for the economy and the Eurozone too, but it is also largely staged. Greece is still under strict administration by the EU and IMF, so it is not that they can just issue as much as they want.feedback

Maurice Obstfeld - International Monetary Fund

What will happen in the future, we don't know. These threats are in our downside thinking. They're not built into our baseline (forecast) because, hopefully, they don't happen, but there are risks. In the first two quarters of this year, growth has come in very high. Part of this is the general upsurge in world growth and the upsurge in trade in Asia. But there is also a component that has been fuelled by expanding domestic credit, and that's the part that worries us.feedback

Maurice Obstfeld - International Monetary Fund

Our projection for the United Kingdom this year is also lowered, based on the economy's tepid performance so far. The ultimate impact of Brexit on the United Kingdom remains unclear.feedback

Maurice Obstfeld - International Monetary Fund

The recovery in global growth that we projected in April is on a firmer footing [and] there is now no question mark over the world economy's gain in momentum. Recent data point to the broadest synchronised upswing the world economy has experienced in the last decade.feedback

Maurice Obstfeld - International Monetary Fund

From a global growth perspective, the most important downgrade is the United States. Over the next two years, US growth should remain above its longer-run potential growth rate. But we have reduced our forecasts for both 2017 and 2018 to 2.1 per cent because near-term US fiscal policy looks less likely to be expansionary than we believed in April.feedback

Pascal Soriot - AstraZeneca

Together, we are poised to achieve something remarkable and that few thought possible… Nothing can break the momentum you have established, and certainly not rumours.feedback

Jan Randolph - IHS

Secondly, Greece has secured another bailout program extension in June, with IMF involvement despite difference with other euro zone partners on the nature and degree of debt relief.feedback

Jan Randolph - IHS

There are basically two reasons for this. Secondly, Greece has secured another bailout program extension in June, with IMF involvement despite difference with other euro zone partners on the nature and degree of debt relief.feedback

Sri Mulyani Indrawati

It is a very ambitious target and I know my colleagues from IMF and World Bank both say it is impossible, so it is a challenge. But I'm sure I love the challenge. If not I'd rather stay at the World Bank and do my old job.feedback

Phil McDuff

Politicians say that it’s sound finance, when in fact it’s a tool used to demonise immigrants and profit from ‘working-class concerns’A few weeks on from the general election, and David Cameron has been disinterred to say giving public sector workers pay rises is the height of selfishness – while Theresa May is back to harping on in prime minister’s questions about the debt left by the last Labour government. It’s apparently 2015 all over again.feedback

Christine Lagarde - International Monetary Fund

Think of excessively high economic inequality, low productivity growth, population aging, and gender gaps. As our research shows, these challenges put a ceiling on potential growth, making it harder to raise incomes and living standards.feedback

Christine Lagarde - International Monetary Fund

Financial vulnerabilities present an immediate concern. After a long period of favorable financial conditions, including low-interest rates and easier access to credit, corporate leverage in many emerging economies is too high. In Europe, bank balance sheets still need repair following the crisis. In China, a faster-than-projected expansion – if it continues to be fueled by rapid credit and increased spending – would potentially lead to unsustainable public and private debt in the future.feedback

Christine Lagarde - International Monetary Fund

Countries need to look for ways to guard against risk, accelerate growth, and leverage the power of international cooperation. No country is an island, and policies taken by any nation can resonate stronger and last longer with coordination from the other G20 members.feedback

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

Christine Lagarde - International Monetary Fund

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.feedback

Michael Every

There are so many things to be negative about rather than positive. It's a pattern we've seen in recent years of China managing to shoehorn itself into various different benchmark indicators like becoming an IMF reserve currency in 2015, but (that) has actually proved to be meaningless in reality because China doesn't meet the ... meat of what needs to be addressed in that particular area.feedback

Priti Patel

I think we shouldn't hesitate to slap the IMF and shake the tree of the World Bank when we are stepping up. I don't take no for an answer. It's never been so needed, we face more global challenges in 2017 than ever before. When has Britain ever turned its back on the world?feedback

Priti Patel

And I'm a no-bullshit person when it comes to calling out finance ministers or the World Bank. I think we shouldn't hesitate to slap the IMF and shake the tree of the World Bank when we are stepping up. I don't take no for an answer.feedback

Christine Lagarde - International Monetary Fund

For us to engage and for us to participate financially, more needs to be clarified, defined and approved in terms of restructuring. What we believe will be needed is a deferral of interests, an extension of maturity, and a mechanism by which there is an adjustment based on growth ... this is where further discussion and negotiation is needed. I've always said that the (bailout) program walks on two legs: the leg of policies and the leg of debt sustainability.feedback

Christine Lagarde - International Monetary Fund

Progress has been made today, no question about it but more is needed. It (Athens) will actually produce a primary surplus and it should be, in terms of liquidity and stability, in a fairly solid situation to develop its economy to cultivate growth, generate investment , and proceed with the privatization that they have agreed to complete.feedback

Jeroen Dijsselbloem

Today we will give more clarity to Greece and to the IMF (on) how we will move forward, how we will calibrate debt relief needed next year. There won't be a figure that rolls out... the figure will only come at the end of the programme.feedback

Jeroen Dijsselbloem

I am glad to announce that we have achieved an agreement on all the elements - conditionality, the debt strategy moving forward, and International Monetary Fund participation. We're now going into the last year of the financial support program for Greece - we will prepare a financial exit strategy going forward to enable Greece to stand on its own feet again over the course of the next year.feedback

Bruno Le Maire

I wanted to underline that we are doing our best with the other member states of the euro zone, with the IMF, with the Greek governement, and I'm optimistic, I think we are not far from the agreement. And because we are not far we should really do our best in the next two days, to pave the way for that agreement.feedback

George Papaconstantinou

We seem to be caught between competing demands and priorities from the IMF (International Monetary Fund) on one side and Germany on the other. Neither of the two sides made the necessary steps to meet somewhere in the middle, Germany has an election in September so (Finance Minister) Wolfgang Schaeuble didn't want to say it clearly, that yes there would some kind of debt relief.feedback

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

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

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

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.