RECENT - WASHINGTON DC

1. Wide shot, IMF building exterior with Annual Meetings signage

12 October 2021, WASHINGTON DC
2. SOUNDBITE (English) Vitor Gaspar, Director of the IMF's Fiscal Affairs Department
“According to preliminary estimates from the Global Debt Database, global debt by governments, households, and non-financial corporations reached $226 trillion. That represents an increase of $27 trillion relative to 2019. Both the level and the pace of increase are record highs. We know that high and rising debts increase risks to financial stability and public finances,”
3. Wide shot, Vitor Gaspar speaking
4. SOUNDBITE (English) Vitor Gaspar, Director of the IMF's Fiscal Affairs Department
“A strong message from the fiscal monitor is that fiscal credibility pays off. Countries that have credible fiscal frameworks benefit from better and cheaper access to bond markets. That's a precious asset to have in an uncertain and difficult times like COVID 19. Fiscal credibility pays off!,”
5. Wide shot, Vitor Gaspar speaking
6. SOUNDBITE (English) Vitor Gaspar, Director of the IMF's Fiscal Affairs Department
“In 2020, the IMF's rapid financing and the G20 Debt Service Suspension Initiative contribute to make resources available to the countries that need it the most. But more is needed. With a general allocation of SDRs of $650 billion, liquidity has been provided, but much more could be achieved if rich countries would make part of their resources available to the developing world. By doing so, donors would be contributing to fighting the pandemic and to the achievement of sustainable and inclusive growth,”
RECENT - WASHINGTON DC
11. Wide shot, IMF building exterior