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STORY: IMF / GEORGIEVA PRESSER
TRT: 3:05
SOURCE: IMF
RESTRICTIONS: COURTESY IMF ON SCREEN
LANGUAGE: ENGLISH / NATS
DATELINE: 17 OCTOBER 2019, WASHINGTON DC
1. Wide shot, IMF Managing Director Kristalina Georgieva greeting journalists with First Deputy Managing Director David Lipton and Communications Department Director Gerry Rice
2.Med shot, photographers
3. SOUNDBITE (English) Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF):
“The global economy is now in a synchronized slowdown. Fractures, driven by trade, driven by uncertainties surrounding geopolitical tensions and Brexit, they’re holding back growth. And, they are causing hazards in this shared road we are traveling on. They are slowing us down.”
4. Wide shot, Georgieva holding up Global Policy Agenda
5. Close up, reporter asking question about U.S.-China trade
6. SOUNDBITE (English) Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF):
“This truce discussed could very well reduce the loss by 0.2 percent. And that, of course, is good news. But, not good enough. What we need is to reach not just truce, we need to have trade peace. We need to go back to, well, no, we need to go forward to a system that is enhanced, and it is enforced. So, we can see trade to return to its role of an engine of the word economy.”
7. Close up, journalist asking question about Brexit
8. SOUNDBITE (English) Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF):
“This is good news. This, of course, is welcome. Very similar to the pound, which jumped, I saw the news and I jumped. Great. We would like to see the agreement being reached. If I could quote my former boss Jean-Claude Juncker, who said, ‘When there is a will, there is a deal.’ My hope for the next days is that the will holds in all quarters.”
9. Wide side, IMF officials at briefing
10. SOUNDBITE (English) Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF):
“We, at the IMF, are fully committed to work with Argentina and to make sure that there can be policy improvements that lead ultimately to better lives for people in Argentina. We are very closely engaged and following all the developments in the country. And, I can assure you that this will of the IMF to stand by Argentina was strong when Christine Lagarde led the Fund. And, it is strong now when I take over.”
11. Wide shot, journalists at briefing
12. Wide shot, IMF officials ending briefing
At a news conference to open the Annual Meetings of the World Bank Group and International Monetary Fund, IMF Managing Director Kristalina Georgieva today (17 Oct) urged world leaders to work together to counter a “synchronized slowdown” in the world economy.
Georgieva told reporters at a news conference, “the global economy is now in a synchronized slowdown. Fractures, driven by trade, driven by uncertainties surrounding geopolitical tensions and Brexit, they’re holding back growth. And, they are causing hazards in this shared road we are traveling on. They are slowing us down.”
She said if trade tensions between the U.S. and China continue with no relief on tariffs, forecasts call for a cost to global growth of 0.8 percent. But, she welcomed news of a possible easing of trade tensions.
Georgieva said, “this truce discussed could very well reduce the loss by 0.2 percent. And that, of course, is good news. But, not good enough. What we need is to reach not just truce, we need to have trade peace. We need to go back to, well, no, we need to go forward to a system that is enhanced and it is enforced. So, we can see trade to return to its role of an engine of the word economy.”
Georgieva also praised Thursday’s news of a Brexit deal.
She said, “this is good news. This is, of course, welcome. Very similar to the pound, which jumped, I saw the news and jumped. Great. We would like to see the agreement being reached. If I could quote my former boss Jean-Claude Juncker, he said, ‘When there is a will, there is a deal.’ My hope for the next days is that the will holds in all quarters.”
And Georgieva said the IMF will stand with Argentina as it works through its economic crisis.
She said, “we, at the IMF, are fully committed to work with Argentina and to make sure that there can be policy improvements that lead ultimately to better lives for people in Argentina. We are very closely engaged and following all the developments in the country. And, I can assure you that this will of the IMF to stand by Argentina was strong when Christine Lagarde led the Fund. And, it is strong now when I take over.”
