RECENT - WASHINGTON DC
1. Wide shot, IMF building exterior
2. Wide shot, Ting Yan speaking

14 OCTOBER 2020, WASHINGTON DC

3. SOUNDBITE (English) Vitor Gaspar, Director of the Fiscal Affairs Department, International Monetary Fund (IMF):
“The major increase in the primary deficit and the sharp contraction in economic activity are the main drivers of this jump up in debt. But after this exceptional development, public debt is expected to stabilize at about 100 percent of GDP until 2025. This is explained by the negative interest-growth differentials and the decline in the primary deficit.”

4. Wide shot, Vitor Gaspar speaking
5. SOUNDBITE (English) Vitor Gaspar, Director of the Fiscal Affairs Department, International Monetary Fund (IMF):
“The Fiscal Monitor specifically estimates that a 1% of GDP increase in public investment in advanced and emerging markets has the potential to, within two years, push up GDP by 2.7%, private investment by 10% and most importantly, to create between 20 and 33 million jobs directly and indirectly.”

6. Medium shot, Vitor Gaspar speaking
7. SOUNDBITE (English) Vitor Gaspar, Director of the Fiscal Affairs Department, International Monetary Fund (IMF):
“We estimate that the number of people affected by extreme poverty will increase by 80 to 90 million in 2020, even after accounting for COVID related social assistance. The risk of malnutrition is equally on the rise. Access to health and education is threatened. The international community must act with debt relief, access to grants and concessional financing now and going forward to help the poorest countries tackle these terrible challenges.”

RECENT - WASHINGTON DC
10. Medium shot, IMF control room
11. Various shots, reporters
11. Pan down shot, IMF building exterior