IMF / Sub-Saharan Africa Regional Economic Outlook Report Press Briefing
22 Oct 2020
WASHINGTON DC, United States
1. Wide shot, IMF building exterior with annual meetings signage
2. Wide shot, IMF logo on building
3. Wide shot, Abebe Aemro Selassie and Gediminas Vilkas in IMF studio
22 OCTOBER 2020, WASHINGTON DC
4. SOUNDBITE (English) Abebe Aemro Selassie, Director of the African Department at the IMF.
“We expect economic activity for sub-Saharan Africa to contract by 3 percent this year. No country has remained untouched by the crisis. The largest impact on growth this year will be on tourism-dependent economies but oil-exporting countries in the region, the commodity intensive countries, have also been hit hard and growth, even in the more diversified economies, will also be significantly impacted this year,”
5. Wide shot, Abebe Aemro Selassie with reporter
6. SOUNDBITE (English) Abebe Aemro Selassie, Director of the African Department at the IMF.
“The IMF has moved swiftly and disbursed about 17 billion dollars so far in 2020, about more than 10 times the normal amount we disburse each year. And this money, of course, has been intended to cover the region's near-term needs and to catalyze additional support from the rest of the international community,”
7. Wide shot, Abebe Aemro Selassie speaking
8. SOUNDBITE (English) Abebe Aemro Selassie, Director of the African Department at the IMF.
“What we can do is bring about a lot of transparency in terms of how resources are used. This is a core function that we do through our work here in helping strengthen countries, public finance, management systems. But at a time like this, I think when resources are being provided quickly, it's really important also that you know, that there is transparency in how these resources are being used. We want this information to be in the public domain so that civil society organizations, anti-corruption agencies can all scrutinize how these resources are being used and this is an area of what we are very, very diligently following on and that's our contribution to making sure that there continues to be improved governance,”
9. Wide shot, Abebe Aemro Selassie with reporter
10. SOUNDBITE (English) Abebe Aemro Selassie, Director of the African Department at the IMF. “Policymakers face quite difficult tradeoffs where the pandemic continues to linger, the priority remains, of course, to save lives and protect livelihoods. And for countries where the pandemic is under more control, using fiscal and monetary policy to support the recovery has to be balanced with the need to keep an eye on that sustainability and external stability,”
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11. Wide shot, Abebe Aemro Selassie and Gediminas Vilkas in IMF studio
12. Medium shot, IMF annual meetings signage on building
Brian WalkerMedia Relations OfficerUnited Statesbwalker@IMF.org+(1) 202.623.7381+(1) 202.286.5839