The prospect of the fund declining to provide financial support would strengthen the incentives to implement sound policies, thus avoiding the need for fund support in the first place.

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

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

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

We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.

Those are the three main elements in which we're working with Iraqi authorities.

We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.

There was a consensus, at least among the two big parties, that reforms were crucial.