RUSSIA / LAGARDE

At the conclusion of a visit to Moscow, IMF Managing Director Christine Lagarde said that she discussed the implications of the crisis in the Euro-area for emerging Europe with the President and Acting Finance Minister. IMF

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:33
• Production Date: 8 November 2011
• Asset Language: Original
• Corporate Name: INTERNATIONAL MONETARY FUND - IMF
• Subject Topical: ECONOMIC DEVELOPMENT; FINANCING; ECONOMICS; ECONOMIC CONDITIONS
• Geographic Subject: RUSSIAN FEDERATION
• MAMS Id: U111108g

Description

STORY: RUSSIA / LAGARDE
TRT: 1:33
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGES: ENGLISH / NATS

DATELINE: 7-8 NOVEMBER 2011, RUSSIA

8 NOVEMBER 2011, RUSSIA

1. Wide shot, Christine Lagarde entering press conference
2. Cutaway, press
3. Med shot, Lagarde and other officials at podium
4. Cutaway, cameramen
5. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“The EFSF guidelines and operational functions is not yet sufficiently defined for many investors to really make their determinations and decide to invest.”
6. Cutaway, press

7 NOVEMBER 2011, RUSSIA

7. Wide shot, Kremlin
8. Various shots, Lagarde meeting Russian President Dmitry Medvedev
9. Wide shot, Lagarde entering a meeting
10. Cutaway, audience
11. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“If we do not act together, clearly we could face a downward spiral of uncertainty, of financial instability and a collapse of global demand. That really is the dark scenario and it could happen.”
12. Cutaway, audience
13. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“And if the storm strengthens further in the Euro area, this emerging Europe would suffer as well. And it would be severely hit by lower exports and increased financial strains.”
14. Cutaway, audience

Storyline

International Monetary Fund (IMF) Managing Director Christine Lagarde completed a two-day visit to Russia Tuesday with meeting with President Dmitry Medvedev, First Deputy Prime Minister Igor Shuvalov and Acting Finance Minister Anton Siluanov.

She said they discussed the serious challenges currently facing the global economy, especially the euro area and the implications for emerging Europe. In particular, they discussed how these global developments affect Russia's economic prospects and policy priorities.

Lagarde also discussed Russia’s contributions to the global economy and its status as a leading member of the G20 and the IMF. Russia is among the top 10 shareholders of the IMF.

During a closing press conference, Lagarde was asked about the appetite of Brazil, Russia, India and China for the European Financial Stability Fund, known as the EFSF. The EFSF was created to provide financial help to members of the eurozone and bolster financial stability.

“One is the EFSF guidelines and operational functions is not yet sufficiently defined for many investors to really make their determination and decide to invest,” Lagarde said.

This is Lagarde’s first trip to Russia as head of IMF.