IMF / MNUCHIN

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11-Apr-2019 00:01:44
U.S. Treasury Secretary Steven Mnuchin said the International Monetary Fund and World Bank are important partners in addressing global economic issues. IMF

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STORY: IMF / MNUCHIN
TRT: 1:44
SOURCE: IMF
RESTRICTIONS: PLEASE CREDIT IMF ON SCREEN
LANGUAGE: ENGLISH /NATS

DATELINE: 10 APRIL 2019, WASHINGTON, DC

SHOTLIST:

1. Wide shot, Mnuchin and Greg Ip, at beginning of forum
2. Med shot, audience
3. SOUNDBITE (English) Steven Mnuchin, U.S. Treasury Secretary:
“I think that the IMF and World Bank are both very important institutions. As important today as they’ve ever been. I look forward to working with the new World Bank President David Malpass, who you know I’ve worked with very closely for the last 3 years. Look forward to his leadership there. And, I’ve had a very productive relationship with Christine Lagarde. We’re working with her you know on the issue of capital at the IMF and IMF reforms and we hope we make a lot of progress on this.”
4. Med shot, audience
5. SOUNDBITE (English) Steven Mnuchin, U.S. Treasury Secretary:
“The first issue we have to reach an agreement on is the size of the balance sheet and the resources. And we want to make sure that the IMF has the necessary resources not only for today but for unforeseen circumstances. And I think that’s something we’re going to have an agreement on. And the second issue is, kind of what’s the structure of those resources. And, again it can be a combination of quota, NABs (New Arrangements to Borrow) And potentially bilateral situations.”
6. Med shot, audience
7. SOUNDBITE (English) Steven Mnuchin, U.S. Treasury Secretary:
“We are fully supportive that the IMF has the necessary resources. We don’t think it necessarily has to be in quota increases. There’re other ways that it can be done. And as the largest shareholder, obviously we have a big interest in this and supporting them.”
8. Wide shot, audience applauding
9. Wide shot, Ip and Mnuchin exiting stage

STORYLINE:

U.S. Treasury Secretary Steven Mnuchin said the International Monetary Fund and World Bank are important partners in addressing global economic issues.

“I think that the IMF and World Bank are both very important institutions. As important today as they’ve ever been,” Mnuchin said during a forum to commemorate 75 years since Bretton Woods Conference that gathered 730 delegates from all 44 Allied nations to regulate the international monetary and financial order in the aftermath of World War II.

Mnuchin added that he’s had “a very productive relationship” with IMF Managing Director Christine Lagarde.

He said adequate funding for the Fund is a top priority.

“The first issue we have to reach an agreement on is the size of the balance sheet and the resources. And we want to make sure that the IMF has the necessary resources not only for today but for unforeseen circumstances. And I think that’s something we’re going to have an agreement on. And the second issue is, kind of what’s the structure of those resources. And, again it can be a combination of quota, NABs (New Arrangements to Borrow) And potentially bilateral situations.”

Moderator Greg Ip of the Wall Street Journal asked Mnuchin if the U.S. is supporting quota reform.

“We are fully supportive that the IMF has the necessary resources. We don’t think it necessarily has to be in quota increases. There’s other ways that it can be done. And as the largest shareholder, obviously we have a big interest in this and supporting them," Mnuchin said.
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unifeed190411a
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2378669