9 Jun 2011

IMF / EUROPE

An International Monetary Fund spokesperson said Thursday that all nominations for Managing Director must be in by Friday, June 10. A short list of the nominees could be released by early next week. IMF

Posted at: June 9, 2011 2:55 pm

Duration: 03:00

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STORY: IMF / EUROPE
TRT: 3.00 
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: Washington, DC 9 June 2011

SHOTLIST:

WASHINGTON, DC – RECENT

1. Wide shot, exterior, IMF

WASHINGTON, DC 9 JUNE 2011

2. SOUNDBITE (English) Caroline Atkinson, Director, External Relations, IMF:
"The deadline for receiving nominations is midnight tomorrow, Friday. During next week, the Executive Board will be reviewing the nominations and selecting a short list. We will be keeping you updated as that goes along. The aim, as the Board has announced, is that the selection should be completed by June 30."
3. Cutaway reporters
4. SOUNDBITE (English) Caroline Atkinson, Director, External Relations, IMF:
5. Cutaway reporters
6. SOUNDBITE (English) Caroline Atkinson, Director, External Relations, IMF:
"These are strong, and in many cases, difficult programs. We don't really like it when any country has to take difficult measures, but mostly when countries come to the IMF, they have had some problems, and they are in a position where they have to take difficult measures. That has certainly been the case in the countries in Europe where we've had programs."
7. Cutaway reporters
8. SOUNDBITE (English) Caroline Atkinson, Director, External Relations, IMF:
"There is now a discussion about financing. The program does not contemplate debt restructuring. I think everybody agrees that any kind of involuntary debt restructuring or credit event would be undesirable."

WASHINGTON, DC – RECENT

9. Wide shot, exterior, IMF

STORYLINE:

An International Monetary Fund (IMF) spokesperson said Thursday that all nominations for Managing Director must be in by Friday, June 10. A short list of the nominees could be released by early next week. If more than three candidates are nominated, then the Board will meet to whittle the list down to three before releasing their names.

"The deadline for receiving nominations is midnight tomorrow, Friday. During next week, the Executive Board will be reviewing the nominations and selecting a short list. We will be keeping you updated as that goes along. The aim, as the Board has announced, is that the selection should be completed by June 30," Caroline Atkinson, IMF spokesperson, said.

Atkinson said that the IMF treats European countries with Fund-supported programs the same as countries in other regions.

"These are strong, and in many cases, difficult programs. We don't really like it when any country has to take difficult measures, but mostly when countries come to the IMF, they have had some problems, and they are in a position where they have to take difficult measures. That has certainly been the case in the countries in Europe where we've had programs," Atkinson said.

Turning to Greece, Atkinson said the IMF and its partners are not in favor of a mandatory restructuring of Greek debt.

"There is now a discussion about financing. The program does not contemplate debt restructuring. I think everybody agrees that any kind of involuntary debt restructuring or credit event would be undesirable," Atkinson said.