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Group of Twenty stressed the inseparability of lending to countries with the action against the dangers
Tuesday, February 28, 2012
WASHINGTON - Khalid Muhammad
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Lagarde shop in Mexico City (Reuters). Jpg
The Director-General of the International Monetary Fund Christine Lagarde, after the conclusion of the meeting of finance ministers and central bankers from the Group of Twenty, held in Mexico, «beyond the global economy at risk the collapse of recovery», noting b «strong policies» taken by the leaders of the euro area and its improvement in the performance of the economy U.S..
She drew in a statement issued by the Fund based in Washington, that «Find touched on the challenges facing the global economy and the next steps to be taken in this respect». She «beyond the collapse of the global recovery, which form a clear and distinct over the last few months, thanks to strong policies adopted by the leaders of the euro area to support the European Central Bank, and reforms that have been adopted in countries such as Italy, Spain and Greece, as well as the emergence of indicators sensitive to the acceleration of the pace of economic growth especially in the United States ».
Despite the exclusion of the collapse of the recovery, warned Lagarde that the global economy «is still at risk», stressing the importance of «counter group twenty to the task of strengthening its capacity to cope with shocks is likely to result from the fragility of the sectors of finance, and high levels of sovereign debt and private, and the increase in oil prices and continued high rate of unemployment in many countries », and obviously it means that the advanced countries in the first place.
Lagarde revealed that the meeting of Mexico «discussed a proposal announced by the IMF and finally to double its energy lending to a trillion dollars, in accordance with the recommendation of the leaders of the Group of Twenty at their recent summit in Cannes, France, in an effort to build a« protective wall »strong against financial shocks.
The finance ministers and governors of central banks in their final statement, and saw «the possibility of increasing the sources of the Fund in the short term through the funding agreements of bilateral and buy bonds on the part of a wide range of Member States, despite their adherence to the survival of Fund Foundation are financed from the contributions of its members according to the quota system in place currently.
But ministers, money and Conservatives did not place more emphasis, however, to harness additional resources to meet the needs of financing by Member States in the region without confining itself, but also stressed the importance inherent in lending operations with sufficient action to reduce risks and conditions approved by the Board.
The ministerial statement to the ministers and governors «would review progress in the strategy of supporting lending proposals and other options, such as the recommendation of the summit was on a possible issuance of special drawing rights to finance, in a meeting held on the sidelines of the joint spring meetings of the Fund and the World Bank in April next.
Lagarde and linked in the press statement, the process of reaching decisions regarding the strategy of supporting the proposed lending and the review to be conducted by euro zone countries early next month, regarding the facilities for financial support. She explained that this strategy depends on the initiative of the euro area to provide a «European protective wall» enjoyed by a parallel in size, credibility and high quality.
He praised the ministers of finance and the actions taken by the euro area to strengthen the financial situation in their countries, but expressed concern with the pace of economic growth weak in advanced economies, slowing growth in emerging economies. As stressed «Tikzam» to the dangers of high oil prices, welcomed the commitment of producing countries to continue to provide the market to ensure adequate supplies.
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Tuesday, February 28, 2012
WASHINGTON - Khalid Muhammad
Related Nodes:
Lagarde shop in Mexico City (Reuters). Jpg
The Director-General of the International Monetary Fund Christine Lagarde, after the conclusion of the meeting of finance ministers and central bankers from the Group of Twenty, held in Mexico, «beyond the global economy at risk the collapse of recovery», noting b «strong policies» taken by the leaders of the euro area and its improvement in the performance of the economy U.S..
She drew in a statement issued by the Fund based in Washington, that «Find touched on the challenges facing the global economy and the next steps to be taken in this respect». She «beyond the collapse of the global recovery, which form a clear and distinct over the last few months, thanks to strong policies adopted by the leaders of the euro area to support the European Central Bank, and reforms that have been adopted in countries such as Italy, Spain and Greece, as well as the emergence of indicators sensitive to the acceleration of the pace of economic growth especially in the United States ».
Despite the exclusion of the collapse of the recovery, warned Lagarde that the global economy «is still at risk», stressing the importance of «counter group twenty to the task of strengthening its capacity to cope with shocks is likely to result from the fragility of the sectors of finance, and high levels of sovereign debt and private, and the increase in oil prices and continued high rate of unemployment in many countries », and obviously it means that the advanced countries in the first place.
Lagarde revealed that the meeting of Mexico «discussed a proposal announced by the IMF and finally to double its energy lending to a trillion dollars, in accordance with the recommendation of the leaders of the Group of Twenty at their recent summit in Cannes, France, in an effort to build a« protective wall »strong against financial shocks.
The finance ministers and governors of central banks in their final statement, and saw «the possibility of increasing the sources of the Fund in the short term through the funding agreements of bilateral and buy bonds on the part of a wide range of Member States, despite their adherence to the survival of Fund Foundation are financed from the contributions of its members according to the quota system in place currently.
But ministers, money and Conservatives did not place more emphasis, however, to harness additional resources to meet the needs of financing by Member States in the region without confining itself, but also stressed the importance inherent in lending operations with sufficient action to reduce risks and conditions approved by the Board.
The ministerial statement to the ministers and governors «would review progress in the strategy of supporting lending proposals and other options, such as the recommendation of the summit was on a possible issuance of special drawing rights to finance, in a meeting held on the sidelines of the joint spring meetings of the Fund and the World Bank in April next.
Lagarde and linked in the press statement, the process of reaching decisions regarding the strategy of supporting the proposed lending and the review to be conducted by euro zone countries early next month, regarding the facilities for financial support. She explained that this strategy depends on the initiative of the euro area to provide a «European protective wall» enjoyed by a parallel in size, credibility and high quality.
He praised the ministers of finance and the actions taken by the euro area to strengthen the financial situation in their countries, but expressed concern with the pace of economic growth weak in advanced economies, slowing growth in emerging economies. As stressed «Tikzam» to the dangers of high oil prices, welcomed the commitment of producing countries to continue to provide the market to ensure adequate supplies.
[You must be registered and logged in to see this link.]
