Robert F. Engle Quotes

The IMF acts on the mandate of the international community.

For 60 years, since World War II, we have been trying to create a rules-based system, a global economic system. We understand that what makes our economy function is what we call the rule of law, and what is true domestically is also true internationally. It is important to have rules by which we govern our relations with other countries.

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.

There is a need for greater multilateral cooperation to resolve trade conflicts, to address climate change and risks from cybersecurity, and to improve the effectiveness of international taxation.

I would like to implore all the governments of the world to come together to form a protocol to regulate virtual currency.

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 most important thing is to find collective solutions in diplomacy and I think that is possible.

It is, for me, clear that the world needs a United States that is engaged in security issues, in development issues, in human rights issues. The contribution of the United States for global affairs is absolutely crucial. And the cooperation with the U.N. is very important from our perspective.

Nobody...likes talking about enforceable international protocols and yet unless there is a real change in attitude, we have to contemplate those very unwelcome possibilities if we want the global economy not to collapse and millions, billions, of people to die.

This is global governance in the making. But we must agree, and agree to a binding commitment.

What I'm interested in is Britain projecting itself abroad, and through that its values and the things it holds dear. And I don't think you do that by refusing to talk to the world's second-largest economy [China]. In fact, that is positively counter-productive in my view.

Globalization makes our economy, our health, and our security all captive to events on the other side of the world. And no other nation on earth has a greater capacity to shape that global system, or to build consensus around a new set of international rules that expand the zones of freedom, personal safety, and economic well-being. Like it or not, if we want to make America more secure, we are going to have to help make the world more secure.

A New World Order is required to deal with the Climate Change crisis.

I do wish that the IMF and the World Bank would disappear soon.

This is the first global crisis that doesn't start in poor countries and it was caused by the rich countries. So it's necessary to take advantage of this crisis - the financial system has to be regulated. It's necessary that the central banks in the world should control a little bit the banks' financing, because they cannot bypass a certain range of leverage. And I believe that there's no other - more any reason for a G-8 group or any other "G." I believe that we should guarantee that the G-20 should be now an important forum to discuss the major economic issues of the world.

The interests of the IMF represent the big international interests that today seem to be established and concentrated in Wall Street.

the most powerful bodies in the world, the World Trade Organization, the World Bank, and the International Monetary Fund, are also the least democratic and inclusive.

I believe that the G20 should not interfere [foreign policy], because there are other platforms for that.

I don't think anybody really thinks that one should get rid of the World Bank. Reform is one thing, but getting rid of it I think would be wrong.

I think Americans really need to start thinking globally. As resources become more dear, we will be pulled closer to the rest of the world anyway.

I think the UN's role - especially since it's not an extremely rich fund, and that's to put it mildly - is mainly to act as a leading thinker of the world in terms of how to think about the future.

At G-20 summit, I worked with US and other countries to bring black money back.

I think that it's very important to have the United States' engagement in many situations we have around the world, be it in Syria, be it in the African context. The United States represents an important set of values, human rights, values related to freedom, to democracy. And so the foreign policy engagement of the United States is a very important guarantee that those values can be properly pursued.

I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.

The G20 was established as a forum to discuss, first and foremost, world economic issues. If we load it with... Of course, politics affects economic processes, this is obvious, but if we bring some squabbles, or not squabbles, rather, some matters that are really important but relate purely to world politics, we will overload the G20 agenda and instead of addressing such issues as finance, structural economic reforms, tax evasion and so forth, we will engage in endless debates concerning the Syrian crisis or some other global challenges, of which there are many, or the Middle East problem.