IMF / LAGARDE DRC EBOLA

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25-Jul-2019 00:01:51
The selection of IMF Managing Director is a process that is determined by the IMF’s Executive Board, which represents the membership, Spokesperson Gerry Rice said. On the current Ebola crisis in the DRC, Rice explained that the Fund is assessing the economic impact and staying close contact with the authorities in case for any financial support is required. IMF

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STORY: IMF / LAGARDE DRC EBOLA
TRT: 01:51
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 25 JULY 2019, WASHINGTON, DC

SHOTLIST:

RECENT - WASHINGTON, DC

1. Wide shot, exterior of IMF

25 JULY 2019, WASHINGTON, DC

2. Med shot, spokesperson Gerry Rice
3. Med shot, reporters at the news briefing
4. SOUNDBITE (English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“This process is prerogative of the IMF Executive Board. I say that to distinguish from being a decision from IMF Management which is not. It's a decision of the IMF Board, and it's the Executive Board's process, representing the membership. As in the past, we expect the process to be open, transparent, and merit-based.”
5. Med shot, reporters
6. SOUNDBITE (English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“I'd like to begin by, of course, expressing our sympathy to the people of the Democratic Republic of the Congo for the lives lost as the result of this Ebola epidemic. I can tell you that just as the case of the time of last Ebola epidemic, we are monitoring and assessing the situation closely. Our staff are in contact with the authorities in DRC. Although the economic impact is not yet clear, we have ample scope within the Fund's lending facilities to provide financial support if needed, and we stand ready to take actions.”

RECENT - WASHINGTON, DC

7. Wide shot, exterior of IMF

STORYLINE:

The selection of IMF Managing Director is a process that is determined by the IMF’s Executive Board, which represents the membership, Spokesperson Gerry Rice reiterated today (25 Jul) in Washington, D.C.

On 16 July, Christine Lagarde submitted the IMF Executive Board her resignation from the Fund with effect from September 12, 2019.

Responding to a question about the timeline of the process, Rice reminded reporters that “this process is prerogative of the IMF Executive Board. I say that to distinguish from being a decision from IMF Management which is not. It's a decision of the IMF Board, and it's the Executive Board's process, representing the membership. As in the past, we expect the process to be open, transparent, and merit-based.”

The Executive Board is expected to meet soon, and the IMF will communicate once it happens, including the timeline. In the meantime, David Lipton remains Acting Managing Director.

During the regular bi-weekly press briefing, Rice also discussed the recent Ebola outbreak in the Democratic Republic of the Congo.

He said, “I would like to start by expressing our sympathy to the people of the DRC for the lives lost as result of the Ebola epidemic.”

Responding to a question on what the IMF is doing about the current Ebola crisis in the DRC, Rice explained that the Fund is assessing the economic impact and staying close contact with the authorities in case for any financial support is required.

He said, “just as in the case of the last Ebola epidemic, we are monitoring, assessing the situation closely. Our staff are in contact with the authorities in the DRC. Although, the economic impact of the epidemic is not yet clear, we have ample scope within the Fund’s lending facilities to provide financial support if needed. We stand ready to take action.”
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