IMF Managing Director Christine Lagarde Briefing



Edited Package
Washington, DC – April 14, 2016 1. Wide start of news conference with IMF Managing Director Christine Lagarde, First Deputy Managing Director David Lipton and Communications Department Director Gerry Rice 2. Mid photographers 3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “We believe that cooperation should be stronger. First example, the action to help refugees. Every second, nearly 30 people are displaced somewhere in the world. Now, that requires bigger, broader and bolder approach, and one that is certainly based on cooperation amongst the nations. It can not be the affair of one country.” 4. Wide reporters 5. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “We need much stronger international tax cooperation. A lot of things have gone global and it’s unlikely to recede. But, there’s one thing, which has not gone very global, and that is taxation, which is still very much a local affair associated with national sovereignty. Well, we contend that there has to be a lot more work and a lot more cooperation on a much broader basis in international taxation.” 6. Wide reporters 7. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “It’s been a long marriage between members of the European Union. And, it’s really my personal hope that it doesn’t break. And, like all marriages, good talks can actually help.” 8. Mid reporters taking notes 9. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “There is one point on which I completely agree with the Greek authorities, which is that we need and they need to move fast. Equally, I think we’ve always been very consistent in saying that the objective is stability, sustainability, sovereignty of Greece, ultimately.” 10. Wide IMF officials during news conference 11. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “We have fairly robust criteria under which intervention is legitimate. And, that clearly can happen in the case, and only in the case, where very disruptive volatility must be avoided. So, we are watching very carefully what’s happening on the Japanese markets. But, that’s the instance where intervention is, in our view, legitimate.” 12. Wide IMF officials at end of news conference
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