G20, IMF/World Bank meetings in Washington

Sat Sep 24, 2011 6:16pm EDT
 
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WASHINGTON (Reuters) - The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank.

BANK OF CANADA GOVERNOR MARK CARNEY:

ON PROGRESS WITH EUROPEANS

"We're somewhat encouraged by the stance of European authorities."

"There's some progress here but...in the end this is about action, it's not about analysis and plans."

ECB EXECUTIVE BOARD MEMBER JUERGEN STARK

"It is more likely now that the second half of 2011 will be less positive than expected and the key question is whether the current slowdown in the global economy is largely a transitory phenomenon... Could it lead to a double-dip or is it just a soft patch? This is the issue we will have to monitor."

WORLD BANK DEVELOPMENT COMMITTEE COMMUNIQUE ON COMMODITY PRICES:

"We note with concern the turbulence in global financial markets and widespread fiscal strains, which put at risk the robustness and sustainability of global economic recovery. Volatile commodity prices and pressures on food security are critical challenges. We are alert to the possible global impacts of these issues, particularly for the poor."   Continued...