IMFC Calls for Stronger Policy Mix to Fight Subdued Growth



Shoot Date

16 Apr 2016

Shoot Location

Washington, United States

Edited Package
Washington, DC – April 16, 2016 1. Wide open of IMFC news conference 2. Close photographers 3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “There was not exactly the same level of anxiety. But, I think there was an equal level of concern and a collective endeavor to identify the solution and the responses to the global economic situation. What I come away with is the collective determination by the members of the IMFC that the three-pronged approach is the right approach.” 4. Close reporter asking question 5. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “They all identified, whether it was in the area of trade, in the area of taxation, in the area of financial regulations and completion of that agenda. They all also assembled behind the necessary collective approach. So, in a way, the IMFC and the meetings that precede the IMFC is a bit of a therapy, a collective therapy to move from the negative situation that we are facing and the challenges on the horizon to a positive approach in order to identify the solutions.” 6. . Close reporter asking question 7. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director on Argentina “In September 2016, we were in the normal course of things supposed to review the data and statistics situation, with probably some negative decision. Instead of which, what we are likely to do in September is a full-fledged Article IV of the economy, to which we’ll give much better data and information about the state of the economy, which is the condition to determine the right set of policies.” 8. Mid reporters 9. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director on refugees “All forces have to be harnessed to address this situation. And, as you said, it ranges from peace negotiations to resettlement to education to humanitarian assistance and so on and so forth. So, we can provide the policy advice, the macro-economic framework to help those countries. When we have a program in place, we take into account the fiscal constraints.” 10. Wide IMF officials at news conference 11. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “When we do the next NFSAP for instance, a Financial Sector Assessment Program, we look at the anti-money-laundering and the counter-terrorism financing mechanisms in place and we check that the laws are there. And we check that it’s implemented. And we check that the bodies are set up to enforce it. But, then there needs to be follow-up because it’s too serious to be just left to a report. So, as I said, all of us, we’re going to have to think outside the box. And, I’ve certainly committed myself to members of the IMFC that it’s going to be one of the areas that I call the new challenges.” 12. Mid reporters 13. Wide IMF officials at end of news conference
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