IMF / Global Financial Stability Report April 2021 Forecast

ID

582113

SHOOT DATE

06 Apr 2021

SHOOT LOCATION

WASHINGTON DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / Global Financial Stability Report April 2021 Forecast
SHOTLIST
RECENT - WASHINGTON DC
1. Wide shot, IMF logo on building with Spring Meetings signage
2. Wide shot, IMF virtual Spring Meetings signage on building exterior
6 April 2021, WASHINGTON DC
3. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
““Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. But those rescue efforts may have unintended consequences and sow the seeds of future financial market instability. Continuing policy support remains necessary — but targeted macroprudential measures should pre-empt a legacy of vulnerabilities. Global financial conditions are still easy. But there is a risk that an asynchronous and divergent recovery — between Advanced and Emerging Markets — may result in tighter financial conditions and portfolio outflows in Emerging Market economies. For many Frontier Markets, access to funding remains a major challenge, given their limited access to bond markets. The corporate sector is emerging from the pandemic overindebted, facing high solvency risk. Meanwhile, in the banking sector, concerns about the credit quality of hard-hit borrowers and about the profitability outlook are likely to weigh on banks’ risk appetite,”
4. Long shot, Tobias Adrian speaking
5. SOUNBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
““The recent rapid increase in long-term U.S. interest rates has clearly caused concern among investors. While this move was driven by higher growth and inflation expectations, boosted by progress on vaccination prospects and the ensuing economic recovery, it also likely reflects uncertainty about the future path of monetary policy and concerns about the increased supply of Treasury debt to finance the fiscal expansion, Adrian said the report showed. A rapid and persistent increase in rates may result in a repricing of risk and a tightening in financial conditions at a time when valuations are stretched — and when the recovery may still be fragile. Such a tightening of financial conditions could interact with elevated financial vulnerabilities, creating knock-on effects on confidence and endangering macro-financial stability,”
6. Long shot, Tobias Adrian speaking
7. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
“Looking ahead, continuing policy support remains necessary. But policy measures should also address financial vulnerabilities to avoid a legacy of structural problems. There is a pressing need to act. Addressing corporate-sector weaknesses and repairing balance sheets is a priority. Advanced Economies should tighten selected macroprudential tools to safeguard financial stability while avoiding a broad tightening of financial conditions, Emerging Markets should rebuild buffers, to prepare for a potential repricing of risk and a reversal of capital flows,”
RECENT - WASHINGTON DC
8. Wide shot, IMF building exterior with virtual Spring Meetings signage
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