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UN PhotoIMF / GEORGIEVA GPA PRESSER
STORY: IMF / GEORGIEVA GPA PRESSER
TRT: 02:22
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 10 - 18 APRIL 2024, WASHINGTON, DC
10 APRIL 2024, WASHINGTON, DC
1. Various shot, IMF exteriors, Spring Meetings signage
18 APRIL 2024, WASHINGTON, DC
2. SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“Despite these multiple shocks and tight financial conditions, growth is firmly in positive territory and we have slightly upgraded our forecast for this year to 3.2 percent. Yet there is plenty to worry about. Inflation is down but not gone. In the US, strong economic performance has a flip-side; disinflation is taking longer than expected.”
3. Wide shot, reporters
4. SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“Medium term growth prospects at around 3%, are the lowest in decades, held back by a broad-based slowdown in productivity. And divergences within and across groups of countries are growing, with poorer countries falling even further behind. “
5. Wide shot, reporters
6. SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“But let me say this. It is the best way to deal with the problem, is for the problem the war to go away. This war, the war in Gaza. The less of this we have as human race, the better. And looking at the women in the audience, the more women we have in position of authority, the better chance we have for peace.”
7. Various shot, reporters, IMF exteriors
The world economy is growing at 3.2 percent this year, but war and geopolitical shocks remain a risk, the head of the International Monetary Fund (IMF) said today (18 Apr) in Washington, DC at the Spring Meetings.
“Despite these multiple shocks and tight financial conditions, growth is firmly in positive territory, and we have slightly upgraded our forecast for this year to 3.2 percent. Yet there is plenty to worry about. Inflation is down but not gone. In the US, strong economic performance has a flip side; disinflation is taking longer than expected,” said IMF Managing Director Kristalina Georgieva at a news conference unveiling the Fund’s Global Policy Agenda.
While 3.2 percent growth is good, it is below long-term trends and there is a growing rift between countries like India and the US where growth and productivity are surging, and developing countries where the impact of war, climate change and high borrowing costs are hindering it.
“Medium term growth prospects at around 3 percent are the lowest in decades, held back by a broad-based slowdown in productivity. And divergences within and across groups of countries are growing, with poorer countries falling even further behind,” said Georgieva.
Georgieva has been nominated with no opposition for a second five-year term as head of the Fund.
She urged countries to end the conflict in Ukraine and the Middle East and focus on improving the well-being of people.
“But let me say this. It is the best way to deal with the problem, is for the problem the war to go away. This war, the war in Gaza. The less of this we have as human race, the better. And looking at the women in the audience, the more women we have in position of authority, the better chance we have for peace,” she said.
