IMF / TRADE ARGENTINA UKRAINE

09-May-2019 00:02:50
The IMF supports the progress made to date by Argentine authorities and believes that the program is on the right track, but still faces significant challenges, spokesperson Gerry Rice told reporters in Washington, DC. IMF

Size
Format
Acquire
N/A
Hi-Res formats
DESCRIPTION
STORY: IMF / TRADE ARGENTINA UKRAINE
TRT: 2:48
SOURCE: IMF
RESTRICTIONS:NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 09 MAY 2019, WASHINGTON DC / FILE
SHOTLIST
FILE - RECENT – WASHINGTON DC

1.Wide shot, exterior IMF

09 MAY 2019, WASHINGTON DC

2. Wide shot, conference room
3. Med shot, reporters
4. SOUNDBITE(English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“No one certainly not at the IMF would want to minimize the challenges that need to be faced and that Argentina and the Argentine people are facing. It's as you know it's a major set of challenges. But again we think that important progress has been made that should not be overlooked. We think that this program of stabilizing the economy and transitioning the economy to be more open and resilient is the right program. We believe that implementation of that program is the right way forward.”
5. Med shot, reporter
6. SOUNDBITE(English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“Everybody loses in a protracted trade conflict. If trade is damaged then it threatens growth. And when we talked about the risks to the outlook recently in the context of our world economic outlook update and during the spring meetings we did talk about trade as one of the risks to growth that we saw out there. So we are really in the mode that we've been in for some time which is to encourage all parties to seek a resolution that supports and strengthens the international trading system. And so we'd be hoping for a speedy resolution to these discussions.”
7. Med shot, reporters
8. SOUNDBITE(English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“We hope that these tensions can be resolved as soon as possible, in a way that is satisfactory to all sides.”
9. SOUNDBITE(English) Gerry Rice, Spokesperson, International Monetary Fund (IMF):
“The managing director in fact has been in touch with Mr. Zelensky on his election as president of Ukraine and underscored that the IMF continues to stand ready to support Ukraine and to help it meet the challenges that lie ahead. Let me say also Madame Lagarde was also in touch at the same time with outgoing President Poroshenko thanking him for close cooperation during his presidency and expressing the hope and the expectation that progress under the economic program would continue.”
9. Med shot, reporter

FILE - RECENT – WASHINGTON DC

10. Wide shot, exterior IMF
STORYLINE
The IMF supports the progress made to date by Argentine authorities and believes that the program is on the right track, but still faces significant challenges, spokesman Gerry Rice told reporters today (09 May) in Washington, DC.

Speaking to reporters, IMF spokesperson Gerry Rice said, “no one certainly not at the IMF would want to minimize the challenges that need to be faced and that Argentina and the Argentine people are facing. It's as you know it's a major set of challenges. But again we think that important progress has been made that should not be overlooked.”

A team of IMF experts are in Buenos Aires this week assessing progress.

Rice added, “we think that this program of stabilizing the economy and transitioning the economy to be more open and resilient is the right program. We believe that implementation of that program is is the right is the right way forward.”

And as Chinese trade negotiators are preparing to meet with the Trump Administration to head off new sanctions, the IMF hopes that a speedy resolution to tensions can be negotiated.

Reiterating comments by Managing Director Christine Lagarde, Rice said, “everybody loses in a protracted trade conflict. If trade is damaged then it threatens growth. And when we talked about the risks to the outlook recently in the context of our World Economic Outlook Update during the spring meetings we did talk about trade as one of the risks to growth that we saw out there.”

Rice announced, “so we are really in the mode that we've been in for some time which is to encourage all parties to seek a resolution that supports and strengthens the international trading system. And so we'd be hoping for a speedy resolution to these discussions.”

He added, “we hope that these tensions can be resolved as soon as possible, in a way that is satisfactory to all sides.”

And Lagarde has been in touch with incoming Ukrainian President Volodomyr Zelensky to express support and to encourage further progress on badly needed reforms in that country.

Rice noted, “the managing director in fact has been in touch with Mr. Zelensky on his election as president of Ukraine and underscored that the IMF continues to stand ready to support Ukraine and to help it meet the challenges that lie ahead.”

He added, “let me say also Madame Lagarde was also in touch at the same time with outgoing President Poroshenko thanking him for close cooperation during his presidency and expressing the hope and the expectation that progress under the economic program would continue.”
Category
Topical Subjects
Geographic Subjects
Source
Alternate Title
unifeed190509c