• SOURCE: IMF

U.S. Treasury Secretary Steve Mnuchin and IMF MD Christine Lagarde Discuss Economic Cooperation

ID

471284

Shoot Location

Washington

Description
Editable Package
Shotlist
Washington, DC – April 22, 2017 1. Wide IMF Managing Director Christine Lagarde and U.S. Treasury Secretary Steve Mnuchin at open of event 2. Mid Lagarde and Mnuchin taking seats 3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “How do you see the role of the United States because this economy, being the largest one has also an interest in seeing poor countries, developing countries go up the ladder of development, participate in the global game?” 4. SOUNDBITE: (English) Steve Mnuchin, U.S. Treasury Secretary ”I think it’s the importance of the IMF, it’s the importance of the World Bank, other institutions. This is why we have everybody here. These are connected. These issues are connected. I think the IMF, you know one of the things I’ve said to you is we’re going to continue to look to the IMF for you to evaluate certain things, whether it be in the monetary markets or others and provide feedback to all of us.” 5. Wide Lagarde and Mnuchin 6. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director “When we look at the growth potential in many economies, we see that it’s reasonably low and maybe too low. I hear what you say about moving from 1.8 to 3%. By the way, we’re forecasting 2.5% for next year, if I recall. Maybe 2.6%?” Mnuchin: “You’re a little conservative.” Lagarde: “Always.” 7. Wide Lagarde and Mnuchin 8. SOUNDBITE: (English) Steve Mnuchin, U.S. Treasury Secretary “We need to do more things for the middle class. And we need to put more money in their pocket. And, we need to simplify taxes. One of the things I do in my job is oversee the IRS – Internal Revenue Service – which reports to the Treasury. The tax code is just way, way, way too complicated and we want to create a system where the average American can do their taxes on a postcard, not a major book.” Lagarde: “That sounds like a dream. And how are you going to deal with all these tax lawyers?” Mnuchin: “Maybe a big postcard. Not one of those little postcards, but you can still stick it in the mail.” 9. Wide Lagarde and Mnuchin 10. SOUNDBITE: (English) Steve Mnuchin, U.S. Treasury Secretary “The sanctions programs are very important. Fighting and stopping terrorist financing is some of the most important things we do right now. And, your technical assistance, the assistance that we provide people, I can tell you in almost every single one of my bilaterals, we discussed these issues. It’s absolutely critical and it works.” 11.Mid Lagarde and Mnuchin at end of event 12. Wide Lagarde and Mnuchin
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