HIGHLIGHTS-IMF, World Bank 2015 spring meetings in Washington on Thursday

Thu Apr 16, 2015 7:15pm EDT
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WASHINGTON, April 16 (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Thursday in Washington, where finance ministers, central bankers and other top officials are gathering.


"Payment delays have not been granted by the board of the IMF in the last 30 years. And it was eventually granted to a couple of developing countries, and that payment delay was actually not followed by productive results.

"So while ... all options are available to all countries, it is clearly not a course of action that would actually fit or be recommendable in the current situation. We have never had an advanced economy asking for payment delays. Payment delays are actually analyzed as additional financing granted to that country, and additional financing means additional contributions by the international community, some of which are in (a) much dearer situation than the country actually eventually seeking those delays."


"You know, my advice has not changed. My advice is to get on with the work. ... The objective that we all pursue is to actually restore the stability of the Greek economy, but it is not done by a political, last-minute accord.

"It is done by actually looking at measures, committing to reforms, measuring what the outcome will be. It is the tedious work of finance ministers, wherever they are, and the lenders.

"So, certainly what I hope that we can continue doing at a faster pace and certainly more in-depth is precisely that exercise."   Continued...