Dodge urges "urgent action" on imbalances

In this speech given in Bridgetown, Barbados on 6 February, 2006 the governor of the Bank of Canada, David Dodge, argues that the "need for urgent action has increased" with regard to reducing the risks to the global economy posed by global imbalances. "Imbalances are persisting, and if they aren't resolved in an orderly way, we face the threat of great disruption", Dodge argued. He went on to emphasise the need for "a commitment by all countries to a renewed international monetary order and a

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