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STORY: IMF / LAGARDE PRESSER
TRT: 2:34
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS
DATELINE: 20 APRIL 2017, WASHINGTON DC, USA
1. Wide shot, IMF briefing
2. Med shot, photographers
3. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“Our first priority is to maintain the growth momentum. Using which tools? Well, the traditional fiscal, monetary structural reform tools that we put together as that three-pronged approach, which has to be tailored to each country’s specificity. Second, and really importantly, we need to reinvigorate productivity, especially by boosting innovation and trade.”
4. Med shot, journalists
5. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“So, what do we mean by more equitable growth within countries? We mean making tax and benefit systems more equitable, boosting high-quality infrastructure investment and mitigating the impact of the structural changes that are taking place.”
6. Wide shot, reporters
7. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“All countries of course should guard against what I have called the self-inflicted wounds such as restrictions, subsidies and other trade distortions that reduce competition and economic openness.”
8. Close up, reporter asking question
9. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“The various contacts that I have had with the administration so far, I have every reason to believe that we will make progress, that we will cooperate all together, in order to support and indeed improve the system as we have it.”
10. Wide shot, reporters
11. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“We are concerned about trade because it has been a major engine for growth and it’s actually one of the pillars of prosperity and growth going forward. So, certainly we’ll be looking at how we can participate in that, how we can continue to support the growth of trade and how it can be done in the most efficient, fair and global way as possible. And, that implies clearly a level playing field, no use of distortive measures and no protectionist measures going forward.”
12. Med shot, reporters
13. Wide shot, IMF officials
At a news conference to open the IMF-World Bank Spring Meetings, IMF chief Christine Lagarde urged world leaders to cooperate to promote sustainable growth that improves the lives of all.
Lagarde said, “Our first priority is to maintain the growth momentum. Using which tools? Well, the traditional fiscal, monetary structural reform tools that we put together as that three-pronged approach, which has to be tailored to each country’s specificity. Second, and really importantly, we need to reinvigorate productivity, especially by boosting innovation and trade.”
The IMF chief emphasized the need for growth to be inclusive and benefit all people. She said, “So, what do we mean by more equitable growth within countries? We mean making tax and benefit systems more equitable, boosting high-quality infrastructure investment and mitigating the impact of the structural changes that are taking place.”
Lagarde warned against policies that could upset the economic progress. She said, “All countries of course should guard against what I have called the self-inflicted wounds such as restrictions, subsidies and other trade distortions that reduce competition and economic openness.”
Asked about how the International Monetary Fund will work with U.S. President Donald Trump’s new administration, Lagarde voiced confidence in a successful relationship saying, “The various contacts that I have had with the administration so far, I have every reason to believe that we will make progress, that we will cooperate all together, in order to support and indeed improve the system as we have it.”
And she noted that trade is a key component of the recovery and must be supported. She said, “We are concerned about trade because it has been a major engine for growth and it’s actually one of the pillars of prosperity and growth going forward. So, certainly we’ll be looking at how we can participate in that, how we can continue to support the growth of trade and how it can be done in the most efficient, fair and global way as possible. And, that implies clearly a level playing field, no use of distortive measures and no protectionist measures going forward.”
