IMF / TRADE TURKEY HAITI

12-Jul-2018 00:02:45
With major world economies threatening tariff increases against each other, International Monetary Fund (IMF) spokesperson Gerry Rice said the Fund encourages trade and cooperation in order to facilitate global economic stability. IMF
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STORY: IMF / TRADE TURKEY HAITI
TRT: 2:45
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 12 JULY 2018, WASHINGTON, DC
SHOTLIST
FILE - WASHINGTON, DC

1. Wide shot, IMF building exterior

12 JULY 2018, WASHINGTON, DC

2. Wide shot, Rice approaching podium
3. SOUNDBITE (English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“I just reiterate what the Fund’s been saying. Madame Lagarde has said it many times, that we encourage everyone to work constructively, try and reduce trade barriers, and resolve disagreements without resort to exceptional measures. As Madame Lagarde has said that nobody wins in a trade war.”
4. Wide shot, journalists
5. SOUNDBITE (English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“Overall, on Turkey is what I would say is that in light of the recent market volatility, the new administration will need to demonstrate a commitment to sound economic policies to promote macroeconomic stability and reduce imbalances while ensuring full operational independence to the central bank to pursue its mandate of securing price stability.”
6. Med shot, journalist
7. SOUNDBITE (English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“Going forward we will continue to support Haiti, continue to stand by Haiti and to cooperate closely with the authorities as they develop a revised reform strategy. And discussions are ongoing with the authorities but we would expect that the revised reform program would include at least two important elements that I would like to highlight. One would be a more gradual approach to reducing fuel subsidies. And two, secondly, would be ensuring the implementation of compensatory and mitigating measures to protect the most vulnerable people. A third important point is that we hope that by implementing this revised reform strategy this can help unlock additional support, continued engagement of the international community and other development partners, including the IMF. So this is a major objective as far as we are concerned to try and mobilize additional support to try and help Haiti through this difficult period that it is facing.”

FILE - WASHINGTON, DC

8. Wide shot, IMF building exterior
STORYLINE
With major world economies threatening tariff increases against each other, International Monetary Fund (IMF) spokesperson Gerry Rice said the Fund encourages trade and cooperation in order to facilitate global economic stability.

Speaking to reporters in Washington today (12 Jul) Rice said the IMF encourages “everyone to work constructively, try and reduce trade barriers, and resolve disagreements without resort to exceptional measures; as Madame Lagarde has said that nobody wins in a trade war.”

Reacting to the steep devaluation of the Turkish Lira Rice said, “In light of the recent market volatility, the new administration will need to demonstrate a commitment to sound economic policies to promote macroeconomic stability and reduce imbalances while ensuring full operational independence to the central bank to pursue its mandate of securing price stability.”

After days of violent demonstrations in Haiti, Rice said the IMF continued to support the country as it develops a revised strategy for reform while mitigating the impact on the poor. He said, “Going forward we will continue to support Haiti, continue to stand by Haiti and to cooperate closely with the authorities as they develop a revised reform strategy; and discussions are ongoing with the authorities but we would expect that the revised reform program would include at least two important elements … One would be a more gradual approach to reducing fuel subsidies, and two, secondly, would be ensuring the implementation of compensatory and mitigating measures to protect the most vulnerable people.”

The IMF spokesperson added that the IMF hoped that implementing this revised reform strategy could help “unlock additional support, continued engagement of the international community and other development partners, including the IMF; so this is a major objective as far as we are concerned to try and mobilize additional support to try and help Haiti through this difficult period that it is facing.”
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