IMF sees growing global inflation pressures, new risk from raw material/oil price shock – German official
- IMF estimates economic impact of Japan quake/tsnami at 3-5% of Japan GDP
- IMF believes U.S. and Japan do not have effective medium-term strategy for budget consolidation
- “Evolutionary” rather than “revolutionary” changes to global monetary system possible
- G20 to discuss conditions for use of capital controls in extreme financial situations
- G20 to discuss plans for integrating new currencies in SDR basket, but “no free lunch”
- Expects G20 to provide country-specific indicative guidelines on addressing imbalances
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