We also need a fund that can say 'no'.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

Masood Ahmed brings to the position of director of external relations extensive experience gained in a range of senior positions in international finance and development.

Oil prices have certainly become a threat for the world economy.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

So the American economy needs the world, and the world needs the American economy.

There is not an alternative to the US as the engine for growth.