COMDC Biweekly Press Briefing BC 1802657 ENG-NM




06 Sep 2018


Washington, United States

Edited Package
SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“Important progress is being made towards strengthening Argentina’s economic policy plans – supported by the IMF standby arrangement which as you know was previously announced for in the amount of $50 billion dollars (usd). We are working very hard as you know to conclude these staff level talks in short order. And as Christine Lagarde has stated we share a common objective and that is to reach a rapid conclusion so as to be able to present the proposal to our Board as soon as possible.”
5. Cutaway Reporter
6. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“The imposition of additional tarrifs by the United States on Chinese imports could come at a significant economic cost. We are in the process of assessing that. The impact obviously depends in terms of China, how much China’s domestic policies would be adjusted to dampen the negative growth effects and the impact of the trade dispute on global confidence and financial conditions. In terms of the US we would expect its growth would also be effected. We don’t have any numbers for you today but again we will be looking at that and offering more in time for the WEO (World Economic Outlook report). And of course, should the escalation go further as you suggested the economic costs for both countries and around the world will quickly add up. Christine Lagarde has said before and I will repeat it here that there are no winners in a global trade war.”
7. Reporter cutaway
8. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“With the Indonesian authorities we continue to monitor developments relative to all participants safety attending the meetings in Bali in October. We are most reassured by the efforts that the Indonesian authorities are taking. We look forward to a very successful Annual Meeting in Indonesia working closely with our Indonesian partners. We think the arrangements being made are excellent.”
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  • Brian Walker
    Media Relations Officer
    United States
    +(1) 202.623.7381
    +(1) 202.286.5839