Wednesday, August 02, 2006

Renewing the IMF's Commitment to Low-Income Countries


Speech by Rodrigo de Rato, Managing Director of the International Monetary Fund

1. Thank you very much. I would like to thank the Center for Global Development for hosting this event, Liliana Rojas-Suárez for moderating, and Kemal Dervis, Ricardo Hausmann, and Dennis de Tray in advance for their comments. And I would like to thank you for your attendance.

2. Earlier this year, I set out a road map for implementing the International Monetary Fund's Medium-Term Strategy. This afternoon I want to talk about a particular aspect of the strategy: the Fund's relationship with low-income countries. The Fund is strongly committed to our low-income country members and to the international effort to reduce poverty: this is one of the most important areas of our work, and one where the stakes are very high. The Medium-Term Strategy proposes that we renew our commitment and improve our effectiveness in helping low-income countries by focusing on what we do best, and on tasks where we can make the greatest contribution. Let me begin by offering a broader perspective, both on the Medium-Term Strategy and the current position of low-income countries.

See full Transcript.