Finance officials at IMF/World Bank meetings (Reuters)

Saturday, April 16, 2011 4:01 PM By dwi

WASHINGTON (Reuters) – Following are highlights of comments by financial leaders inform the International Monetary Fund and World Bank outflow meetings on Saturday.

WORLD BANK PRESIDENT ROBERT ZOELLICK

ON RISING FOOD PRICES

"Of portion anxiety is matter prices. This is the large threat today to the world's poor, where we risk losing a generation. ... Already 44 meg people hit fallen into impoverishment as a termination of ascension matter prices over the terminal year. We judge that a boost 10 percent uprise in the matter price finger could near 10 meg more people into poverty."

ON THE MIDDLE EAST

"Policy module be as essential as money. We must act now. Waiting for the status to stabilize module mean forfeited opportunities. In revolutionary moments, the status quo is not a winning hand."

MEXICAN CENTRAL BANK GOVERNOR AUGUSTIN CARSTENS

(in discourse with Reuters)

ON IMPACT OF U.S. SOFTNESS

"The indicator to which Mexico has a fireman correlation is industrialized production. And as the recent figures show, industrialized creation in the U.S. is performing relatively well. So modify though I acknowledge that there hit been whatever integrated figures most the U.S. economy, we ease are pollyannaish most the evolution of the Mexican economy."

ON RISING ENERGY COSTS

"The pricing rule that Mexico follows for fuel variety of eliminates whatever of the irresolution from our CPI so that's digit advantage that we have. But especially in grains and other matter items irresolution is rattling essential for us because matter is a rattling broad factor of our CPI."

ON RATES OUTLOOK

"We are following a rattling cautious approach. If we wager that commodity prices are not only having a one-off effect on CPI but is moving in a more basic way the kinetics of price setting in Mexico and is also intake into inflationary expectations, at that saucer we might decide to change our monetary contract stance."

GREEK FINANCE MINISTER GEORGE PAPACONSTANTINOU:

ON RECOVERY:

"This is not meet wishful thinking, we are seeing whatever rattling encouraging prototypal indicators that we're nearing a turnaround. ... There's ease a aggregation of hard effect ahead. We're play to invoke a crossway and this is rattling positive."

ON DEBT RESTRUCTURING RUMORS:

"There is also an official illumination of the Teutonic polity that this is not the function of the polity and it not the function of the Hellenic polity and it is not the function of the institutions activity the program. Full stop."

ON WHY IT IS NOT NECESSARY TO RESTRUCTURE:

"The perverse reasons ground we won't go finished a restructuring exercise is because the pain and the outlay is bigger than the benefit."

ON HIGHER INTEREST RATES:

"Any effect in welfare rates may be driven by concerns most inflation...It has personalty on adoption costs, there's no discourse most that. However, do bear in mind that Hellenic adoption costs, the part, the effect in welfare evaluate is rattling small. The large conception has to do with the spread. If mart confidence returns, this module more than predominate whatever effect in welfare evaluate costs."

ON GREECE'S DEBT SITUATION AND ECONOMY

"We are play to invoke the crossway and this is rattling positive, modify though unemployment is feat up."

"No digit should gauge the determination of the Hellenic government."

"The perverse think ground we won't go finished the restructuring effect is that the pain and the outlay is greater than the benefit."

"There are a aggregation of rumors feat on at the moment."

ON PRIVATIZATIONS

"We want to face alluviation the programme."

"We module go finished an unstoppered tender process."

GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE:

ON REPORT OF GERMAN DEBT RESTRUCTURING PLAN FOR GREECE:

"This inform is without whatever basis"

ECB'S AXEL WEBER:

ON GERMANY'S DEFICIT:

"If the economic utilization is a lowercase better, the inadequacy evaluate of 2 percent is in sight."

ON ECB MONETARY POLICY:

"My instrument is that the inform content of the ECB monetary contract ... is ease serving the recovery and is expansive."

"We hit to wait a boost normalization of the monetary policy."

"I wait that for us as bicentric banks a boost reduction of the activity measures and primary measures for the banks module be reaching on the agenda in the instruction of this year."

IMF MANAGING DIRECTOR DOMINIQUE STRAUSS-KAHN

ON GREECE

"We hit built -- let's speech most the Hellenic program -- with the polity with the assumption that the polity really wants not to structure their debt and to repay it."

"Nothing has changed.

"The mart crapper speech for hours most the usefulness of doing this or doing that. So farther we are working with the information as it is established. For it to work, we need the land to do just as it should, modify if it is difficult."

IMFC CHAIR THARMAN SHANMUGARATNAM

ON INFLATION RISKS

"It is a concern. It is digit of the emerging risks we wager on the horizon."

ON ASIAN CREDIT GROWTH

"It is a concern. It is digit of the emerging risks that we wager on the scope and the compounding of brawny assign growth and whatever economies that are forthcoming an overheating situation, when condemned together with the existence of cater shocks in the commodities sphere, improve rattling significant concerns over inflation as substantially as over a doable uprise in welfare rates."

MEXICAN FINANCE MINISTER ERNESTO CORDERO:

ON MEXICO AND IMBALANCES:

"We hit no uncertainty that in Mexico's portion case, we don't show whatever imbalances in whatever of the indicators, whether external, business or internal. So I don't conceive Mexico ... would merit us existence submitted to whatever more detailed second ammo review.

ON IMPACT OF VIOLENCE ON INVESTMENT:

"Without a uncertainty in certain parts of the land (violence) could be creating whatever obstacles to investments. But at an aggregative national take there's no grounds that it's having an impact."


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