IMF Head Upbeat After Spring Meetings

 　　The head of the International Monetary¹ Fund is upbeat as spring finance meetings in Washington come to a close, with more money for the lending agency to help struggling governments, especially in Europe.

　　IMF managing director Christine Lagarde said the big development of the meetings was the combined $430 billion pledge in additional resources from different countries. "It is nice to have a big umbrella or a big firewall however you want to call it," she said.

　　The amount nearly doubles the agency's reserves available for emergency loans to almost $1 trillion.

　　She agreed with the characterization of a so-called "Washington moment" in terms of trying to avoid another financial crisis. "Washington moment? Yes, the spirit, the momentum², the dynamic that was created in the course of this meeting," she said.

　　The 188-nation IMF has provided about $300 billion in emergency loans since a global financial crisis hit in 2007, including the largest program in the fund's history for still struggling Greece.

　　Another European economy, which is much bigger, Spain, is currently facing recession, soaring debt and steadily³ falling property prices.

　　Lagarde urged deficit-saddled governments to speed reforms and said the IMF must continually improve its economic surveillance mechanisms⁴ to act before it is too late.

1 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

2 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

3 steadily   

adv.稳定地；不变地；持续地

参考例句：

• The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
• Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。

4 mechanisms   

n.机械( mechanism的名词复数 )；机械装置；[生物学] 机制；机械作用

参考例句：

• The research will provide direct insight into molecular mechanisms. 这项研究将使人能够直接地了解分子的机理。 来自《简明英汉词典》
• He explained how the two mechanisms worked. 他解释这两台机械装置是如何工作的。 来自《简明英汉词典》