IMF / Debate on Global Economy




15 Oct 2020


Washington D.C., United States



IMF / Debate on Global Economy
1. Wide shot, IMF building exterior with annual meetings signage
2. Closeup shot, IMF logo on building
3. SOUNDBITE (English) Kristalina Georgieva, Managing Director, IMF:
“It makes no sense to use money today to invest in the economy of yesterday. We ought to invest in the economy of tomorrow and do so with a sense that it is it is important to be a just transition. Inevitably, governments would be looking for ways in which they can raise revenues. They would need to do that. We are on the view that some progressivity in taxation and also reshaping taxation towards the shape of the economy of tomorrow would be necessary and would be positive for societies. We also would like to see very much concentration on quality of spending. So, moment of transformation not to be missed,”
4. Medium shot, Kristalina Georgieva speaking
5. SOUNDBITE (English) Sri Mulyani, Finance Minister to Indonesia:
“We are using this crisis in order for us to be able to transform the economy. I do hope that other countries also begin to sense that because this is exactly how the goodwill of the international community can be then matched with the commitment and leadership as well as the ownership of each country own program then they really want to do the right thing for their own country. And they really like doing it. So, they walk the talk and they prove it,”
6. Medium shot, Kristalina Georgieva speaking
7. SOUNDBITE (English) Ngozi Okonjo-Iweala, Board Chair at GAVI / AU Special Envoy on response to COVID-19:
“People in rich countries can think, well, will stimulate economies, will come out of this we will buy vaccines from as many sources and we'll be fine. That is not true as long as people in developing countries and in poor countries are not safe. Nobody in the developed countries are safe as well. So, we've got to think of a solid, solidary approach. We've got to think of how we are going to work with those poor countries.”
8. Medium shot, Kristalina Georgieva speaking
9. SOUNDBITE (English) Christine Lagarde, President of the European Central Bank:
“This virus has brought us together because we were all in it and all confronting the same issue. I just hope that vaccination is not going to divide us. And on that particular front, I think that while there has been a lot of criticism about globalization, about international trade governed by WTO, clearly trade is picking up. Trade is working. There is a degree of stabilization that is coming about when you look at certain numbers in terms of manufacturing being up, import and export picking up as well in various places, particularly those that are now coming out of this pandemic. So, we don't know whether globalization is going to continue to expand. But let's recognize that it has served us reasonably well most recently.”
10. Wide shot, IMF building exterior
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