39 Quotes by Charles Dallara

How can the United States preserve its financial and security leadership role when it conducts itself with such ineptitude and such disregard for the consequences for the world?

A core group of the world's leading economies need to come together and hammer out an understanding.

We can no longer contemplate a world in which public or private sector funds are used to bail out or recapitalize failing firms.

We have not argued in either Brazil or Argentina that the IMF should step in to protect the banks.

A new forum is needed that reflects the realities of today's globalised world and the rising importance of emerging markets.

Some of the policy measures that are important are politically difficult if taken independent of actions by others in support of common goals. Joint actions are therefore needed, and establishing a G-11 with an effective role for the IMF provides the viable way forward.

The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out across the board.

2005 is highly likely to be a more challenging environment, both for policymakers and investors.

The risk of policy contagion could be magnified if a new funding arrangement were agreed between Argentina and the IMF before a comprehensive policy framework is developed that addresses fundamental investor concerns.