IMF / LAGARDE LIBRARY OF CONGRESS

05-Dec-2018 00:02:14
The Managing Director of the International Monetary Fund Christine Lagarde, called on the United States to renew its commitment to working with partners to tackle the greatest challenges, such as climate change, growing inequality and improving the fairness and rules-based open trade system. IMF
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STORY: IMF / LAGARDE LIBRARY OF CONGRESS
TRT: 2:14
SOURCE: IMF
RESTRICTIONS:NONE
LANGUAGE: ENGLISH /NATS

DATELINE: 4 DECEMBER 2018, WASHINGTON, DC
SHOTLIST
1. Wide shot, exterior, Library of Congress
2. Close up, sign, Library of Congress
3. Med shot, Lagarde walks to podium
4. SOUNDBITE (English) Christine Lagarde, IMF Managing Director:
“This country challenged the international economic order when it needed challenging. It forged compromise when compromise was necessary. Why? Why did it do all that? Benevolence? It did so because a stronger and more stable world paid dividends for the United States. “
5. Cutaway, audience
6. Wide shot, Lagarde at the podium
7. SOUNDBITE (English) Christine Lagarde, IMF Managing Director:
“More than ever before, at least, as was demonstrated in 2008, what happens in one nation can impact all nations. Think about it: From weapons of mass destruction, to cyber-security, to the interconnected financial system, many of our current challenges recognize no borders. So, when support for international cooperation falters, we must remember the lesson the United States and her allies taught the world over the last 75 years: It’s a big lesson - Solidarity is self-interest. “
8. Cutaway, audience
9. Wide shot, Lagarde at the podium
10. SOUNDBITE (English) Christine Lagarde, IMF Managing Director:
“I have been saying for some time now that we need to “fix the system.” More recently I have been urging countries to actually “de-escalate” trade tensions. And it was encouraging to see, over the weekend, some progress made at the G20 in Buenos Aires. And we must continue the de-escalation, while at the same time improving the trading system for the future.”
11. Tilt down, Library interior
12. Zoom out, exterior, Library of Congress
STORYLINE
The Managing Director of the International Monetary Fund Christine Lagarde, called on the United States to renew its commitment to working with partners to tackle the greatest challenges, such as climate change, growing inequality and improving the fairness and rules-based open trade system.

The Managing Director of the IMF praised US innovation and economic leadership of the post-World War II world in a speech titled “Age of Ingenuity: Reimagining 21st Century International Cooperation” - the latest in the prestigious Kissinger Lecture series at the Library of Congress in Washington, DC Tuesday (4 Dec).

Lagarde outlined how the creation of the IMF by the US and its allies at Bretton Woods was one of the initial sparks to a golden age of cooperation and collaboration that has led to the greatest period of economic growth and prosperity the world has ever seen.

“This country challenged the international economic order when it needed challenging. It forged compromise when compromise was necessary. Why? Why did it do all that? Benevolence? It did so because a stronger and more stable world paid dividends for the United States,“ she told the assembled audience of US congress people and officials.

She praised the role of the United States in challenging the system in the past and called on the US to renew its commitment to working with partners to tackle the greatest challenges, such as climate change, growing inequality and improving the fairness and rules-based open trade system.

SOUNDBITE (English) Christine Lagarde, IMF Managing Director:
“More than ever before, at least, as was demonstrated in 2008, what happens in one nation can impact all nations. Think about it: From weapons of mass destruction, to cyber-security, to the interconnected financial system, many of our current challenges recognize no borders. So, when support for international cooperation falters, we must remember the lesson the United States and her allies taught the world over the last 75 years: It’s a big lesson - Solidarity is self-interest. “

Lagarde particularly pointed out her vision of a way forward by focusing on key areas of international cooperation – trade, international tax, climate and addressing corruption.

She also said she had seen progress on trade at the G20 leader’s summit in Buenos Aires last weekend: “I have been saying for some time now that we need to “fix the system.” More recently I have been urging countries to actually “de-escalate” trade tensions. And it was encouraging to see, over the weekend, some progress made at the G20 in Buenos Aires. And we must continue the de-escalation, while at the same time improving the trading system for the future.”
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