- Pause in monetary tightening needed wherever inflation has eased
- Without action, Europe will see downward spiral of collapsing confidence, stagnant growth, fewer jobs
- Asia faces challenges of continued structural reforms
- Much greater focus on ensuring social safety nets needed for recovery
- Will be making case to step up fund’s lending capacity
- Looking forward to Asia taking bigger role in IMF
- US economy has shown surprising signs of strength in Q4
- Ongoing disputes over US budget problems remain an issue
- Italy making serious efforts to convince that fiscal situation is sustainable
- Asia has huge interest in seeing Europe problems resolved
Reuters reporting.
Official speaking at Fifth Asian Financial Forum in Hong Kong Monday.
