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Topic: Rodrigo Rato


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  Rodrigo Rato - Wikipedia, the free encyclopedia
Rodrigo de Rato y Figaredo (born March 18, 1949) was Spain's Economy Minister and Vice President serving with the People's Party (PP) between 1996 and 2004.
In 1967 his father, his brother Ramón Rato Figaredo and his uncle were all given prison sentences and heavy fines for having capital resources hidden in Switzerland.
Rato was given shared responsibility over the elections with Francisco Álvarez-Cascos Fernández, the new party Secretary General.
en.wikipedia.org /wiki/Rodrigo_Rato   (666 words)

  
 Global growth at risk from oil price-IMF - Boston.com   (Site not responding. Last check: 2007-10-21)
Rato said it was too early to assess the impact of the hurricane on the U.S. economy, which grew at a 3.3 percent annual rate in the second quarter, down from 3.8 percent in the first quarter.
Rato said there was no reason to worry that developments in Indonesia would have a spillover effect on the rest of the region.
Rato said the interest rate rise was helping to tackle the biggest weaknesses in the economy but added that the central bank's decisions should be based on rooting out inflation.
www.boston.com /news/world/asia/articles/2005/09/03/global_growth_at_risk_from_oil_price_imf   (726 words)

  
 IMF confirms Rodrigo Rato as new leader - (United Press International)   (Site not responding. Last check: 2007-10-21)
Rato was Minister of Economy and Vice President for Economic Affairs for the Government of Spain between 2000 and 2004.
Rato was free to run for the position after Spain's conservative Partido Popular party lost in general elections held shortly after the March 11 Madrid train bombings.
Rato was chosen as Europe's candidate for the IMF post over rival European candidate Jean Lemierre, president of the European Bank for Reconstruction and Development.
www.washtimes.com /upi-breaking/20040504-034950-3201r.htm   (860 words)

  
 AEI - Short Publications
Last week, Rodrigo Rato, the former Spanish Minister of Finance, assumed the helm as Managing Director at the IMF at what has to be one of the most critical moments in the Fund's sixty-year history.
Rato were to fail to change the IMF's course soon to deal with the present global economic challenges, one must fear not simply for the future effectiveness and credibility of the Fund, but one must also be concerned about the orderliness of the global adjustment process.
Rato was appointed to the job by the European club to which he belongs does not augur well for the support that he might need for radical change at the start of his mandate.
www.aei.org /publications/filter.social,pubID.20802/pub_detail.asp   (1035 words)

  
 BBC News Online | Business | Rodrigo Rato: Tough new IMF boss
Rodrigo Rato, Spain's former finance minister, is shortly to become the International Monetary Fund's new head, after receiving the backing of the EU and seeing his most serious rivals for the job withdraw.
Mr Rato had earlier risked alienating France and Germany when he called on the European Commission to fine them after their budget deficits broke EU spending limits for yet another year.
Mr Rato will be familiar with Washington, having worked and studied in the United States in the l970s, when he acquired an MBA at the University of California, Berkeley, and, reportedly, a taste for the Rolling Stones.
news.bbc.co.uk /nolpda/ukfs_news/hi/newsid_3652000/3652369.stm   (654 words)

  
 The Telegraph - Calcutta : Business   (Site not responding. Last check: 2007-10-21)
Rodrigo Rato at a press conference in Madrid on Wednesday.
Rato was picked in a two-stage vote by the IMF’s 24-member executive board, including a secret straw poll that produced a majority in favour of the Spaniard, the fund said.
IMF directors said Rato’s selection was a “done deal” before Tuesday’s vote despite the nomination of a second candidate, Mohamed El-Erian, a former senior IMF official.
www.telegraphindia.com /1040506/asp/business/story_3212788.asp   (281 words)

  
 Business Report - Spain's Rodrigo Rato set to become IMF's new chief
Rato's expected appointment by the 24-member executive board would be a triumph for the political status quo over change sought by developing countries that want to end a 60-year custom of a European heading the IMF.
Rato's nomination by the European Union on April 20 was backed by the United States, which traditionally appoints the head of the World Bank and is the largest shareholder of both institutions.
Rato is expected to hold a news conference in Madrid on Wednesday to formalize his appointment, an event the IMF is already organising.
www.busrep.co.za /index.php?fSectionId=561&fArticleId=425742   (947 words)

  
 Meet the New Head of the IMF - Who Is Rodrigo Rato?
Rodrigo Rato has been appointed as the new managing d\irector of the International Monetary Fund.
In pensions, for example, Rato increased the Spanish deficit of pension expenditures per capita relative to the EU-15 average by 21per cent and the deficit of public medical care expenditures to the EU-15 average by30 per cent.
Rato is going to follow in the IMF, policies that have caused enormous pain and harm to the Spanish people, and will now be implemented world-wide.
www.cadtm.org /imprimer.php3?id_article=706   (714 words)

  
 The IMF at 60: Evolving Role, Current Challenges - Council on Foreign Relations
DE RATO: Well, the situation in Argentina is that you cannot, because of a continuous failure in this macroeconomic policy in a very bad situation in which one of the consequences was to stop payment to the creditors— but not the only consequence.
DE RATO: Not so much, because I think that about half of the countries that could qualify have qualified, and the other half— most of them— are working with us to develop policies that will arrive them to the completion point.
Rato, is you are leading an organization with very large challenges, with no very easy answers, but I’m sure we all take away a feeling that the organization is in good hands, in competent hands, and very well-informed hands.
www.cfr.org /publication.html?id=7396   (6743 words)

  
 CalBusiness - Fall 1998 - Leading Spain   (Site not responding. Last check: 2007-10-21)
But Rodrigo Rato, MBA 74, who became second vice president and finance minister of Spain after the March 1996 elections, never had any doubts that Spain would be one of the EMU's founding members.
Rato was able to broker a deal allowing Aznar to form a stable government and become Prime Minister on May 4, 1996.
Rato believes the euro will be "a stable and strong currency." Spain views the introduction of a single currency as "the needed response to the challenges of globalization of all economic activities," said Rato.
haas.berkeley.edu /calbusiness/f98articles/f98.12.html   (1278 words)

  
 FirstCoast News.com - Print Article
Rato, who had the backing of Europe and many countries in Latin America, was selected by consensus for a five-year term, according to a statement released by the IMF.
IMF critics said that Rato's selection by the executive board, which meets behind closed doors, demonstrated that the agency was still intent on keeping its decision-making secret.
Rato, 55, lost his job as finance minister when Spain's conservative Popular Party, which had backed the U.S.-led war in Iraq, was defeated at the polls after the Madrid terrorist attacks on March 11.
www.firstcoastnews.com /printfullstory.aspx?storyid=18266   (345 words)

  
 Online NewsHour: IMF Managing Director Discusses Organization's Role -- August 5, 2004
RODRIGO RATO: Doing what nobody else is willing to do at such a moment when countries are in difficulties, which is to give them the financial resources to get out of a difficult joint.
RODRIGO RATO: Because the budget deficit is creating a situation in which the United States is not saving enough to finance its own...
RODRIGO RATO: Well, I'll tell you if I was wrong or right five years from now.
www.pbs.org /newshour/conversation/july-dec04/imf_8-5.html   (1063 words)

  
 Rodrigo de Rato y Figaredo -- Biographical Information
Rodrigo de Rato y Figaredo in the News
Rodrigo de Rato assumed office as Managing Director of the International Monetary Fund on June 7, 2004.
de Rato, a Spanish national, was born in Madrid, Spain on March 18, 1949.
www.imf.org /external/np/omd/bios/rrf.htm   (356 words)

  
 Business Unlimited | Business latest | Special relationship that made an IMF chief
Rodrigo Rato may be political fix for a fund in flux
According to the Rato legend, as a result of this humiliation Don Ramón had a burning desire for his youngest and favourite son, Rodrigo, to become central bank governor and restore the family honour.
The setback proved a blessing in disguise for Rato when, after a stumbling campaign, the party's new leader, Mariano Rajoy, was soundly beaten by the socialist opposition in an election overshadowed by the terrorist attacks on Madrid.
www.guardian.co.uk /business/story/0,3604,1210474,00.html   (717 words)

  
 The Wonder of Madrid | Business | Deutsche Welle | 05.05.2004
Rato is the new president of the International Monetary Fund, the organization that provides loans to countries whose economys have gone awry, provided they adhere to the IMF's strict criteria.
When Rato became Spain's finance minister in 1996, unemployment in the country was at 23 percent and the federal budget deficit was a soaring 6 percent.
Privately, Rato is seen as a more casual person, who at times is even willing to ruffle feathers in his party to send out a political message.
www.dw-world.de /dw/article/0,,1191169,00.html   (743 words)

  
 Rodrigo Rato heads IMF
"The executive board of the International Monetary Fund selected Rodrigo Rato to serve as managing director and chairperson of the executive board for a five-year term," the IMF said in a statement.
Rato, 55, was virtually guaranteed to win the post after securing the backing of Europeans, the United States and leading Latin American powers.
Rato, born to a wealthy family in northwest Spain and the owner of a group of businesses, including a radio network, received a master's degree in business administration from the University of California at Berkeley and a doctorate in economics from Madrid's Complutense University.
www.news24.com /News24/AnanziArticle/0,,1518-25_1522258,00.html   (414 words)

  
 Rato Plans No Major Changes as New IMF Director (washingtonpost.com)
Rodrigo Rato, the new managing director of the International Monetary Fund, signaled his intention yesterday to maintain the approach set by his predecessors.
Quoting his immediate predecessor, Horst Koehler, Rato said the IMF "is a learning institution" that is capable of drawing lessons from such episodes.
Quoting his immediate predecessor, Rodrigo Rato said the IMF "is a learning institution" capable of drawing lessons from such episodes as the financial crisis in Argentina several years ago.
www.washingtonpost.com /wp-dyn/articles/A18997-2004May11.html   (515 words)

  
 IMF Chief Pressured On Trade Imbalances
Rato, who became managing director of the International Monetary Fund in June 2004, has enjoyed a remarkably uneventful 15 months at the IMF's helm, thanks to robust global growth, low interest rates and a dearth of financial crises.
Rato is firing back, even though the rhetorical assault by Adams came from the United States, the most powerful shareholder among the IMF's 184 member countries.
Rato dismissed proposals that the IMF should try cajoling the Americans, the Europeans, the Japanese, the Chinese and others into a pact such as the famous agreement struck in 1985 at New York's Plaza Hotel.
www.washingtonpost.com /wp-dyn/content/article/2005/09/28/AR2005092802383.html?nav=rss_business/economy   (1142 words)

  
 Middle East Online
Rodrigo de Rato says Lebanon's economic weaknesses stems from public debt of more than $35 billion.
Of the government, de Rato said "efforts have to continue on the path of reforms," mainly with respect to long-awaited privatisation projects, he told a joint news conference with outgoing finance minister Fouad Siniora.
Rato was speaking at the Beirut inauguration of an IMF regional office to help Afghanistan and countries in the Middle East reform their economic, monetary and fiscal policies.
www.middle-east-online.com /english/lebanon?id=11676   (284 words)

  
 Spain's Rato building consensus of support to head IMF
PARIS (AFP) - Outgoing Spanish Economy Minister Rodrigo Rato is emerging as the most likely candidate to become the next director general of the IMF, winning the backing of the incoming Socialist Spanish government and from several European leaders.
The future Socialist Spanish prime minister, Jose Luis Rodriguez Zapatero, said on Wednesday that he backed outgoing Economy Minister Rodrigo Rato as candidate to be director general of the IMF.
Rato, 55, is widely seen as the architect of success of the Spanish economy since the outgoing PP party pushed through tough structural reforms.
www.financialpolicy.org /IMFDemocracy/031704afp2.htm   (531 words)

  
 The Argentines Protest the IMF Chief   (Site not responding. Last check: 2007-10-21)
Hundreds of protesters sparred with police and burned tires just a stone's throw away from where IMF chief Rodrigo Rato was meeting on Tuesday with Argentine officials on his maiden visit to the financially crippled country.
The seven-hour visit is the first since Rato assumed the IMF helm in June and follows Argentina's decision to suspend the program and its economic reform requirements so it could concentrate on reaching an agreement with private creditors on $100 billion in debt on which it defaulted in January 2002.
Rato and Kirchner will certainly broach points of contention, such as Argentina's lack of progress on its debt restructuring with over half a million creditors ranging from Wall Street investment banks to Italian pensioners.
www.fiscalstudy.com /2004-global-news-flash/32-the-argentines-protest-the-imf-chief.php   (645 words)

  
 SignOnSanDiego.com > News > Business -- IMF chief urges United States to deal with budget deficits
WASHINGTON – Rodrigo Rato, the next head of the International Monetary Fund, said Tuesday the United States should use its current economic prosperity to gain control of its soaring budget deficits.
Rato signaled no change in IMF policy during his first Washington news conference since he was selected last week by the group's executive board to succeed Horst Koehler as managing director.
But before he officially takes over, Rato said he planned to attend a meeting of finance officials of the Group of Eight leading industrial countries and Russia, who are meeting in New York later this month.
www.signonsandiego.com /news/business/20040511-1444-imf-rato.html   (511 words)

  
 World IMF
WASHINGTON: Spain's former finance minister, Rodrigo Rato, was selected on Tuesday as the new managing director of the 184-nation International Monetary Fund.
WASHINGTON (AP) - Former Spanish Finance Minister Rodrigo Rato was selected Tuesday as the new managing director of the 184-nation International Monetary Fund.
Rodrigo Rato as its new managing director, maintaining the tradition of a Europe...
archive.wn.com /2004/05/05/1400/worldimf   (588 words)

  
 Rato Says IMF Needs To Make Its Advice More Effective - Social and Economic Policy - Global Policy Forum   (Site not responding. Last check: 2007-10-21)
AFX meanwhile adds Rato said the world's leading economies should take advantage of a benign global economic outlook to strengthen their domestic economies.
The global economy is experiencing "relatively robust growth and low inflation," said Rodrigo Rato.
Reuters further reports Rato said emerging economies, which have a growing stake in the global economy, should deepen progress in reducing economic weaknesses and set the stage for continued growth in productivity, job creation and poverty reduction.
www.globalpolicy.org /socecon/bwi-wto/imf/2004/0921rato.htm   (753 words)

  
 International Monetary Fund Lauds Ecuador's Economic Performance - US Department of State
International Monetary Fund Managing Director Rodrigo de Rato congratulated Ecuadorian President Lucio Gutierrez and Ecuadorian economic officials February 17 for the nation's strong macroeconomic performance in 2004, according to an IMF press release.
The IMF official noted that Ecuador's 2004 economic performance combined high growth with inflation reduction and debt reduction.  He commended the Ecuadorian policymakers for their commitment to continue this performance in 2005 and indicated that he and the Ecuadorian ministers agreed on the importance of adherence to the nation's fiscal responsibility law.
De Rato said there was also agreement on the need to improve public spending, implement structural reforms and improve management of Ecuador's oil resources.
usinfo.state.gov /wh/Archive/2005/Feb/18-906426.html   (796 words)

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