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IMF / GEORGIEVA PRESSER
STORY: IMF / GEORGIEVA PRESSER
TRT: 2:55
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 15 APRIL 2020, WASHINGTON DC / RECENT
RECENT - WASHINGTON DC
1.Wide shot, exterior IMF
15 APRIL 2020, WASHINGTON DC
2.SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“It is a crisis like no other in scope. We are now in the worst recession since the Great Depression. We are experiencing a 3 percent contraction of global GDP. And 170 countries are going to see income per capita falling versus what we expected three months ago for a 160 for them to go up.”
3.Wide shot, studio
4.SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“Making sure that our financial system continues to function - it matters. And what we have seen is central banks providing ample liquidity. Eight trillion dollars of fiscal measures. So, our message is: spend as much as you can, but keep the receipts. We don't want accountability and transparency to take a backseat in this crisis.”
5.Wide shot, Kristalina Georgieva
6.SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“It is a really difficult time for everybody. But in particular, it is difficult for countries that already stepped into this crisis with complex challenges. The same way the virus hits people with existing preconditions that are more vulnerable, the hardest. It hits economies with preexisting difficulties, the hardest.”
7.Wide shot, studio
8.SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“We are telling everybody: do all you can. And I just want to assure you that we are following ourselves on our own advice. Everything is on the table in terms of measures we can take. What we do is: first, do all we can with the resources we have. Second, make sure that there are no gaps in what we have to be of service to the membership.”
RECENT - WASHINGTON DC
9.Wide shot, exterior IMF
Opening the 2020 Spring Meetings today in Washington, DC, the International Monetary Fund (IMF)’s Managing Director Kristalina Georgieva outlined her Global Plan of Action at a virtual press conference.
The International Monetary Fund (IMF) is laying out a plan for countries to follow as a roadmap to recovery from the difficult economic environment created by the Covid-19 epidemic.
Georgieva said, “it is a crisis like no other in scope. We are now in the worst recession since the Great Depression. We are experiencing a three per cent contraction of global GDP. And 170 countries are going to see income per capita falling versus what we expected three months ago for a 160 for them to go up.”
Georgieva encouraged leaders to protect lives and livelihoods during this difficult phase. Lifelines for households and businesses should be provided to prepare for the time of recovery, she said.
She said, “making sure that our financial system continues to function - it matters. And what we have seen is central banks providing ample liquidity. Eight trillion dollars of fiscal measures. So our message is: spend as much as you can but keep the receipts. We don't want accountability and transparency to take a backseat in this crisis.”
Georgieva compared the increased vulnerability of people with preconditions to the vulnerability of economies that already had preexisting difficulties prior to the pandemic.
She said, “it is a really difficult time for everybody. But in particular, it is difficult for countries that already stepped into this crisis with complex challenges. The same way the virus hits people with existing preconditions that are more vulnerable, the hardest. It hits economies with preexisting difficulties, the hardest.”
Georgieva reiterated that the IMF would be looking at all options to help countries in need.
She said, “we are telling everybody: do all you can. And I just want to assure you that we are following ourselves on our own advice. Everything is on the table in terms of measures we can take. What we do is: first, do all we can with the resources we have. Second, make sure that there are no gaps in what we have to be of service to the membership.”
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