Limba romana (PDF format)
Magazine, No. 21 (595) - Friday, May 21, 2004
Ignacio Ibarra about Rodrigo Rato, the
new IMF Managing Director
The article was published in
Romanian language. Full text is accessible at the link on top. Here is a brief
summary in English:
• A new IMF director, Rodrigo Rato,
a mirror of Spain’s economic success and hope for an efficient cooperation
between Moldova and IMF.
• 1944 – IMF comes into existence
while Spain is going through the most difficult period of its agitated and long
history. Spain peseta is subject to a specific monetary regime with a floating
exchange rate and does not meet the IMF monetary requirements yet.
• 1959 – Spain adopts a
stabilization plan which lays down the foundation of the current economic
• 1985 – Spain joins IMF.
• In sixty years (1944-2004) Spain
has become the eighth economic power in the world thanks to the highly efficient
• About 20 years ago, Spanish
companies started to expand their businesses on international level. Almost 50
large Spanish companies are currently operating in 20, 30, 40 countries around
the world, producing goods and services, and creating jobs for millions of
people on all the continents. One such example is UNION FENOSA in Moldova which
offers jobs, pays taxes and contributes to the economic growth of Moldova.
WHO IS MR. RODRIGO RATO ?
Certainly, he is a Spaniard who
lived approximately half of the century and accumulated vast experiences. He was
born in Asturias, a region in the north of Spain which gave birth to strong and
hardworking people and which has the largest coal mines in the country. He is
coming from a family of entrepreneurs active in different sectors and that is
why he knows very well how the economy and enterprises are working.
In his childhood and adolescence,
Rodrigo Rato was educated in the spirit of Jesuit Order, which during many
centuries educated the Spain’s leadership. He studied law in Madrid and business
administration in the United States.
Since he was young, he was
participating actively in the Spanish politics. This was a difficult period of
time, when Franco and his regime, which lacked any liberties, was agonizing.
That is when a new phase began in the life of Spanish people both from
political, economic, social and personal perspective. On September 6, 1978, we
the Spaniards, approved the Constitution of consensus, understanding and peace,
which gave us 25 years of sustained development.
One of the politicians,
technicians, governors, entrepreneurs, leaders, one of the Spaniards who went a
long way towards the Spain’s economic and social development was Mr. Rodrigo
Rato. Since June 1996 and until March 2004, Mr. Rodrigo Rato was a Vice
President for Economic Affairs in the Spain’s popular party government. Under
his leadership, Spain’s GDP grew considerably, employment increased and per
capita GDP increased significantly, thus reaching the level of other European
Union countries. Also, Spain reached a fiscal balance with an important
reduction of taxes; and met the economic conditions to enter the Euro zone;
credit interest rates reduced, all these representing the most important
From here, from Moldova, I want to
tell the Moldovan people that this appointment is absolutely justified,
appropriate and correct. I am certain that Mr. Rodrigo Rato will be a very good
chief of the International Monetary Fund and will use his vast experience,
capabilities, force and sensitiveness to the problems of the people in order to
help to make the world a better place. I am absolutely sure of that fact. I give
Union Fenosa Moldova