Gaddafi says fear drives world economic system
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SEBHA, Libya  - Libyan leader Muammar Gaddafi criticized the world financial system as a dictatorship based on fear on Friday but said Libya's only pragmatic choice after sanctions was to accept the unfair reality of world trade.
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The world's leading industrial  countries are enjoying strong growth but face the risk of  rising inflationary expectations, tight energy markets and  spreading protectionism, a draft communique of the Group of  Seven rich nations says.
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The head of the International Monetary Fund urged the United States to limit its gaping budget deficit, which he said threatens the world economy.
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World finance ministers gathered  under heavy guard on Sunday to discuss efforts to fight terror  financing while warning the world must stay focused on the  economic recovery and fight against poverty.
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Worries about government actions to cool economic growth reverberate around the globe.
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Slower global economic growth has increased risks for developing countries, especially if the record levels of private capital that has flowed into these markets is reversed, the World Bank said on Tuesday.
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Russian President Vladimir Putin on Sunday criticized international economic institutions for protecting the interests of a select few developed countries and called for a new global economic order that would give rapidly growing developing economies a bigger role.
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European nations should pay 10  billion euros ($12.7 billion dollars) a year to Africa to help  it stop migrants seeking a better life flooding northwards into  Europe, Libyan leader Muammar Gaddafi said on Saturday.
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World finance ministers gathered under heavy guard on Sunday to discuss efforts to fight terror financing while warning the world must stay focused on the economic recovery and fight against poverty.
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MADRID: The world economy is at its best point for five years, although the US budget deficit and sluggish European growth pose problems, International Monetary Fund (IMF) head Rodrigo Rato was quoted yesterday as saying.
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The world economy will face higher prices than in the past decade as more oil comes from &quot;politically unstable&quot; countries, such as Saudi Arabia and Russia, and production costs rise, the International Energy Agency warned on Tuesday.
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The managing director of International Monetary Fund said large economic imbalances caused in part by AmericaÂs trade deficit with China and others are a threat.
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The threats posed by inflation and  unbalanced trade and capital flows point to testing times ahead  for the global economy, IMF chief Rodrigo Rato said on Friday.
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Anxiety over the potential for higher inflation, driven by a strong global economy, is preoccupying investors.
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Fear was back on global stock markets last week as investors worried about the financial and trade imbalances that have built up during years of strong growth for the world economy.
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The head of the World Bank warned that the global war on terror could divert resources from fighting poverty and might pose another risk to a promising global recovery.
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Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.