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STORY: IMF / LAGARDE REAPPOINTMENT
TRT: 02:05
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 19 FEBRUARY 2019, WASHINGTON, DC
1. Wide shot, IMF Executive Board
2. Pan right, IMF Managing Director Christine Lagarde enters boardroom
3. Med shot, Lagarde signs contract
4. Med shot, Lagarde shakes hands with Dean of the Executive Board of the International Monetary Fund, Aleksei Mozhin
5. Wide shot, Board applauds
6. Pan right, Lagarde leaves Boardroom
7. Wide shot, Lagarde speaking to press
8. SOUNDBITE (English) Christine Lagarde, Managing Director, IMF:
“I was very, very pleased and very privileged to have been appointed by the membership represented by the 24 executive directors of the executive board of the IMF for a second term of five years. So you have in front of you the current, to be former and future managing director of the IMF.”
9. Wide shot, press
10. SOUNDBITE (English) Christine Lagarde, Managing Director, IMF:
“I would hope that in the coming years we can move more into being into prevention, more into anticipating changes and capable of advising countries to equip themselves with macroeconomic policies and other policies by way of structural reforms, for instance, to deal with the changes that are ahead of them.”
11. Med shot, press
12. SOUNDBITE (English) Christine Lagarde, Managing Director, IMF:
“Are we in a 2009 moment? I don’t think so. Are we in a moment where coordination is needed? Yes.”
13. Pan right, Lagarde walks away from the microphone
The Executive Board of the International Monetary Fund (IMF) today selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016. The Board’s decision was taken by consensus.
“I was very, very pleased and very privileged to have been appointed by the membership represented by the 24 executive directors of the executive board of the IMF for a second term of five years. So you have in front of you the current, to be former and future managing director of the IMF,” Lagarde said.
As part of the selection process, the Board held several discussions, including with Ms. Lagarde, the sole candidate nominated for the position, before making its decision today.
When asked about her goals for a second term, Lagarde said she planned to make the institution stronger.
“I would hope that in the coming years we can move more into being into prevention, more into anticipating changes and capable of advising countries to equip themselves with macroeconomic policies and other policies by way of structural reforms, for instance, to deal with the changes that are ahead of them,” Lagarde.
Lagarde said that decisions taken in one country have clear repercussions for neighboring countries. She said the IMF will continue to bring policymakers together to discuss economic spillovers and better coordinate.
“Are we in a 2009 moment? I don’t think so. Are we in a moment where coordination is needed? Yes,” Lagarde said.
Next week, Lagarde travels to the G20 Ministerial Meeting in Shanghai.
