UNITED STATES: OFFICIALS GATHER FOR MEETING BETWEEN THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK

Record ID: 337655

  • Title: UNITED STATES: OFFICIALS GATHER FOR MEETING BETWEEN THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK
  • Date: 24th April 1995
  • Summary: WASHINGTON D.C., UNITED STATES (APRIL 24, 1995) (RTV - ACCESS ALL) 1. SV VARIOUS OF INTERNATIONAL MONETARY FUND (IMF) MANAGING DIRECTOR MICHEL CAMDESSUS SPEAKING AT PODIUM 0.12 2. SV VARIOUS OF REPORTERS LISTENING 0.13 3. SCU CAMDESSUS SPEAKING (ENGLISH) 1.00 4. SV VARIOUS OF REPORTERS LISTENING 1.04 5. SCU CAMDESSUS SPEAKING (ENGLISH) 1.48 SEQUENCE 3 transcript: CAMDESSUS :"THE FALL OF THE UNITED STATES DOLLAR COULD HAVE BEEN PREVENTED OR SLOWED DOWN IF COORDINATED ACTION IN WORLD MONETARY POLICY COULD HAVE BEEN IMPLEMENTED" SEQUENCE 5 transcript: CAMDESSUS :"ITALY AND FRANCE SHOULD TAKE PARTICULAR CARE TO ADDRESS THEIR BUDGET DEFICITS AND IRRESPECTIVE OF WHO WINS AT ELECTIONS, THE TWO COUNTRIES WILL HAVE TO CONSOLIDATE THEIR FISCAL SITUATIONS" Initials Script is copyright Reuters Limited. All rights reserved.
  • Embargoed: 9th May 1995 13:00
  • Keywords:
  • Location: WASHINGTON, D.C., UNITED STATES
  • City:
  • Country: USA
  • Reuters ID: LVADQXC6DCBNS30LLSUGBKJPOTXE
  • Story Text: Top world economic officials gathered in Washington on Monday (April 24) for important spring meetings between the International Monetary Fund (IMF) and the World Bank.

    High on the agenda will be the weakness of the United States dollar (USD) and turbulence on world currency markets, particularly in light of the recent economic crisis in Mexico which saw a massive flight of capital.

    IMF Managing Director Michel Camdessus said he believed the chance to stop the fall of the USD - it has plummeted by 20 per cent against the Japanese yen this year - had been lost. He said coordinated action was needed but this had not been forthcoming.

    Camdessus predicted a healthy world economy for 1995 and also addressed economic situations in countries all over the world including France and Italy.

    "What is clear is that these two countries and their governments should take care in addressing their budget deficits during this time...whatever their governments, the message of the IMF to these two countries will certainly contain the consolidating of their fiscal situation," said Camdessus.


  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register