IMF / WOMENOMICS YELLEN COVID-19

Preview Language:   Original
08-Mar-2021 00:03:16
Women face an undue share of the negative economic impact of the COVID-19 crisis, but the Biden Administration is hoping a massive stimulus package can help ease the burden on Americans, US Treasury Secretary Janet Yellen said in an ‘IMF Womenomics’ event released Monday in Washington, DC. IMF

Available Language: English
Type
Language
Format
Acquire
/
English
Other Formats
Description
STORY: IMF / WOMENOMICS YELLEN COVID-19
TRT: 3:15
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 04 MARCH 2021, WASHINGTON DC

SHOTLIST:

1. Tilt down, IMF building exterior

04 MARCH 2021, WASHINGTON DC

2. Split screen, IMF Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen
3. SOUNDBITE (English) Kristalina Georgieva, Managing Director, International Monetary Fund (IMF):
“Janet, one thing that I know you're very concerned and I'm very concerned about is the disproportionate impact of this crisis on women, on young people, on those with low skills. Some are now talking about, she-cession, a recession that impacts women. There is probably also a youth-cession to look into. How do you see us stepping up in your work, me myself, at the work of the Fund, to make sure that we do not lose progress made on gender equality and we push forward for dealing with inequalities of any kind as a positive outcome that can come from this crisis.”
4. Med shot, Yellen speaking
5. Split screen, IMF Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen
6. SOUNDBITE (English) Janet Yellen, Treasury Secretary, United States of America:
“I think it's absolutely tragic the impact that this crisis has had on women, especially low skilled women and minorities. In the United States we've been talking about this is a K-shaped crisis. People at the top of the income distribution have continued to do very well. And people closer to the bottom, who have been really struggling for a long time in the United States and many other countries, have been the hardest hit. It is an extremely unfair thing that's happened.”
7. Split screen, IMF Managing Director Kristalina Georgieva and US Treasury Secretary Janet Yellen
8. SOUNDBITE (English) Janet Yellen, Treasury Secretary, United States of America:
“We're really concerned about scarring, permanent scarring from crisis. And it's focused us very heavily on doing everything we can to get back on track as quickly as we can. So, President Biden, I'm delighted to be part of this. We're hoping that this week a large pandemic package is going to be passed in Congress that will, you know, really, I hope by next year - I think there's a prospect that with an all-out effort on vaccination and reopening schools, that we can really get the labour market back on track later this year or next year to avoid what we had after the financial crisis, which was almost a decade before the economy ever got back to full employment.”

FILE – WASHINGTON DC

9. Rack focus, IMF emblem outside headquarters

STORYLINE:

Women face an undue share of the negative economic impact of the COVID-19 crisis, but the Biden Administration is hoping a massive stimulus package can help ease the burden on Americans, US Treasury Secretary Janet Yellen said in an ‘IMF Womenomics’ event released Monday (March 8) in Washington, DC.

Marking International Women’s Day, Yellen joined a one-on-one conversation with International Monetary Fund Managing Director Kristalina Georgieva discussing their personal and professional journeys through the traditionally male-dominated world of economics.

They discussed ways to make the profession more attractive to women, including by making it less confrontational and working to make it more collaborative which both thought would help young female economists feel more valued and likely to stay in the business.

Eventually the talk turned to the current crisis and Georgieva called it a “She-cession” facing women globally and asked what could be done in the US.

“I think it's absolutely tragic the impact that this crisis has had on women, especially low skilled women and minorities,” said Yellen in the virtual event taped a few days earlier.

“In the United States we've been talking about this is a K-shaped crisis. People at the top of the income distribution have continued to do very well. And people closer to the bottom have, who have been really struggling for a long time in the United States and many other countries, have been the hardest hit. It is an extremely unfair thing that's happened,” she added.

“We're really concerned about scarring, permanent scarring from crisis. And it's focused very heavily on doing everything we can to get back on track as quickly as we can,” said Yellen.

Yellen, the first woman to lead US Treasury and only person to hold all three top American government economic roles including leading the Council on Economic Advisers for the White House and Chair of the Federal Reserve struck an optimistic note.
Series
Category
Topical Subjects
Creator
IMF
Alternate Title
unifeed210305h
Asset ID
2606203