IMF / LAGARDE PRESSER

Preview Language:   Original
11-Oct-2018 00:03:11
At a news conference on the onset of the IMF-World Bank Annual Meetings, IMF Managing Director Christine Lagarde on Thursday urged world leaders to cooperate and “steer” toward a more inclusive and sustainable expansion. IMF

Available Language: English
Type
Language
Format
Acquire
/
English
Other Formats
Description
STORY: IMF / LAGARDE PRESSER
TRT: 3:11
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 11 OCTOBER 2018, NUSA DUA, BALI, INDONESIA

SHOTLIST:

1. Wide shot, Lagarde at podium
2.Wide shot, journalists
3. SOUNDBITE (English) Christine Lagarde, Managing Director of the International Monetary Fund:
“To achieve these goals, we need a stronger international cooperation as well. I am going to quote Balinese again, and I will promise to translate this time. Menyama braya, which means that everyone is a brother or a sister of the other. So, we are all joining hands and we are on that same boat, which should be steered and not drift.”
4. Med shot, journalist asking question
5. SOUNDBITE (English) Christine Lagarde, Managing Director of the International Monetary Fund:
“The real question is, is the economy strong enough? And to that, our answer is probably not enough. Because, we clearly see that growth has plateaued if three years in a row it is at 3.7 percent and we also see that that growth is more unevenly allocated around the world. Moreover, some of the risks that we have highlighted, particularly at our Spring Meeting in April have now begun to materialize, especially from rising trade barriers. And if these tensions were to escalate, the global economy would take a significant hit. So, our strong recommendation is to de-escalate those tensions and work toward a global trade system that is stronger. That is fairer. And, that is fit for purpose.”
6. Med shot, journalists
7. SOUNDBITE (English) Christine Lagarde, Managing Director of the International Monetary Fund:
“I am assuming there might be a program request on their part, but that has not been discussed and we will explore that this afternoon. Second point, the IMF is available to its entire membership. We have 189 members and we have to serve the entire membership and each and every one of them. Third point, in whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, terms of the debt that is bearing on a particular country.”
8. Wide shot, IMF officials at end of briefing
9. Various shots, G20 Ministers Family Photo

STORYLINE:

At a news conference on the onset of the IMF-World Bank Annual Meetings, IMF Managing Director Christine Lagarde on Thursday urged world leaders to cooperate and “steer” toward a more inclusive and sustainable expansion.

“To achieve these goals, we need a stronger international cooperation as well. I am going to quote Balinese again, and I will promise to translate this time. Menyama braya, which means that everyone is a brother or a sister of the other. So, we are all joining hands and we are on that same boat, which should be steered and not drift,” Lagarde said in Bali, Indonesia.

Lagarde said the global expansion is strong, but there is room to improve.

“The real question is, is the economy strong enough? And to that, our answer is probably not enough. Because, we clearly see that growth has plateaued if three years in a row it is at 3.7 percent and we also see that that growth is more unevenly allocated around the world. Moreover, some of the risks that we have highlighted, particularly at our Spring Meeting in April have now begun to materialize, especially from rising trade barriers. And if these tensions were to escalate, the global economy would take a significant hit. So, our strong recommendation is to de-escalate those tensions and work toward a global trade system that is stronger. That is fairer. And, that is fit for purpose,” she said.

Lagarde also responded to reports that Pakistan is asking for an IMF recovery program. She said that the IMF has no formal request yet, but she will be meeting with Pakistani officials.

“I am assuming there might be a program request on their part, but that has not been discussed and we will explore that this afternoon. Second point, the IMF is available to its entire membership. We have 189 members and we have to serve the entire membership and each and every one of them. Third point, in whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, terms of the debt that is bearing on a particular country.”

G20 Finance Ministers and central bankers also gathered for the International Monetary Fund and World Bank Group Annual Meetings in Bali Thursday (11 Oct).

The annual meetings were held in Indonesia. They are an opportunity for the global leadership of the member countries to meet and discuss international issues impacting the economy.
Series
Category
Topical Subjects
Personal Subjects
Creator
IMF
Alternate Title
unifeed181011a
Asset ID
2263784