IMF / LAGARDE PRESSER

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ENGLISH 12-Oct-2017 00:02:56
At a news conference to open the IMF-World Bank Annual Meetings today, IMF Managing Director Christine Lagarde urged world leaders to reinforce a strengthening global recovery and seize an opportunity to promote inclusive and sustainable growth. IMF
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STORY: IMF / LAGARDE PRESSER
TRT: 02:56
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 12 OCTOBER 2017, WASHINGTON DC

SHOTLIST:

FILE - WASHINGTON DC

1. Wide shot, IMF building exterior

12 OCTOBER 2017, WASHINGTON DC

2. Wide shot, conference room
3. Wide shot, photographers
4. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“Our suggestion is that it is not time to be complacent. It’s time to take those policy decisions that will actually enable more people and more countries to benefit from that recovery that should be made sustainable.”
5. Med shot, journalists
6. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“I disagree with that point that you just made. That, quote-unquote, taxing the rich would be the most efficient way to reduce inequalities. I think the most efficient way to reduce inequalities would be to actually close the gender gap between men and women. And, that is a no-brainer. Whether it’s access to the labor market, whether it’s access to finance. Whether it’s the gender gap in terms of compensation, that would achieve a lot to reduce inequalities. And that applies across the world.”
7. Wide shot, journalists
8. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“Given the significant drop in average tax rate in most advanced countries, increasing the higher brackets would not prejudice growth. Now, from that, any policy makers have to decide what they want to do in terms of policymaking, but there are countries where, clearly, reducing excessive inequalities would support growth.”
9. Wide shot, dais
10. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“What I’ve heard from all engaged is that the international financial safety net, that is so needed, has to have the IMF as its centre. We will continue to play that role and we will share experience and we will provide support when and wherever needed and whenever a country asks for it.”
11. Med shot, journalist asking question
12. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“I just cannot imagine that that would happen. For the people themselves, what does it mean? The Europeans who are based in the U.K. The British who are based and residing in the European Union. WTO does not provide for such rules. When I think of the airline industries, the landing rights in various European countries. There is so much that has been brought together between the continent and the United Kingdom that it really requires a very specific approach that will reduce the uncertainty that is damaging potential.”
13. Wide shot, dais

STORYLINE:

At a news conference to open the IMF-World Bank Annual Meetings today (12 Oct), IMF Managing Director Christine Lagarde urged world leaders to reinforce a strengthening global recovery and seize an opportunity to promote inclusive and sustainable growth.

Lagarde said it is “not time to be complacent” adding that policy decisions must be take “that will actually enable more people and more countries to benefit from that recovery that should be made sustainable.”

Lagarde emphasized the need for growth to be inclusive and benefit all people. The Fund this week highlighted strategies to combat inequality, including progressive taxation. Lagarde was asked if such policies are simply about taxing the rich to even out income.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“I disagree with that point that you just made. That, quote-unquote, taxing the rich would be the most efficient way to reduce inequalities. I think the most efficient way to reduce inequalities would be to actually close the gender gap between men and women. And, that is a no-brainer. Whether it’s access to the labor market, whether it’s access to finance. Whether it’s the gender gap in terms of compensation, that would achieve a lot to reduce inequalities. And that applies across the world.”

Lagarde added that countries do have room to adjust tax rates.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“Given the significant drop in average tax rate in most advanced countries, increasing the higher brackets would not prejudice growth. Now, from that, any policy makers have to decide what they want to do in terms of policymaking, but there are countries where, clearly, reducing excessive inequalities would support growth.”

Lagarde said the IMF stands ready to support efforts to promote sustainable growth.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“What I’ve heard from all engaged is that the international financial safety net, that is so needed, has to have the IMF as its centre. We will continue to play that role and we will share experience and we will provide support when and wherever needed and whenever a country asks for it.”

Asked about how the International Monetary Fund sees the risks of a Brexit without a deal, Lagarde expressed hope that negotiations will bear fruit.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund:
“I just cannot imagine that that would happen. For the people themselves, what does it mean? The Europeans who are based in the U.K. The British who are based and residing in the European Union. WTO does not provide for such rules. When I think of the airline industries, the landing rights in various European countries. There is so much that has been brought together between the continent and the United Kingdom that it really requires a very specific approach that will reduce the uncertainty that is damaging potential.”
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