HIGHLIGHTS-IMF, World Bank 2014 spring meetings in Washington on Friday

Fri Apr 11, 2014 6:33pm EDT
 
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WASHINGTON, April 11 (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering.

CHILEAN CENTRAL BANK GOVERNOR RODRIGO VERGARA

ON THE GLOBAL ECONOMY:

"A broad slowdown in growth in emerging markets cannot be discarded, setting off important consequences for global growth. However, we believe that the most likely scenario will be of a gradual deceleration relative to the outstanding performance of recent years in historical terms."

"We must be mindful of the risk posed by sudden depreciations of the exchange rate for the balance sheet of banks and corporations in economies with substantial currency mismatches. However, we caution against general conclusions on this issue without due consideration of the development of foreign exchange hedging markets, which in some countries has become larger in size than spot markets."

BRAZILIAN FINANCE MINISTER GUIDO MANTEGA:

ON IMF REFORMS:   Continued...