We also need a fund that can say 'no'.
There is not an alternative to the US as the engine for growth.
Oil prices have certainly become a threat for the world economy.
To try to correct imbalances with trade restrictions is a grave error.
What we have achieved is a good example of how the right policies deliver.
So the American economy needs the world, and the world needs the American economy.
We would certainly encourage the Italian government to put forward an ambitious agenda of reform.
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.
We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
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.