IMF: Growth to Cut Record Debt, but More Work Ahead

ID

507333

DESCRIPTION
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 16 April 2018
2. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
“Public debt is at historic heights. Elevated levels of debt can strain governments in case of a change in market sentiment. It may also limit the ability of governments to support the economy in the case of a sharp downturn or a financial crisis."
3. Midshot Gaspar
4. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
" The prospects for the world economy are very positive. There is a broad-based cyclical upswing in our forecast for the medium term. Public debt-to-GDP ratios will be coming down in most countries, but that is predicated on countries delivering on their fiscal plans. There is no room for complacency."
5. Midshot Gaspar
6. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
"The Fiscal Monitor is full of exciting examples of real world experiences with digitalization. The most exciting is the possibility of leapfrogging by low income countries. And the examples that we are telling have to do with the use of mobile telephony which has become extremely important in these countries and if used systematically in the area of tax administration. Individual taxpayers, small businesses can use their mobile phones to file their tax returns."
7. Midshot Gaspar
8. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
"The digital giants have made apparent a number of difficulties with the architecture of international tax having to do with the importance of intangible assets, sales without physical presence and all this raises issues having to do with the distribution of taxing rights around the world. We need a global cooperative solution. Unilateral... national... targeted solutions are not a step in the right direction."


Washington, DC – Recent
9. B-ROLL: Exterior IMF
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 16 April 2018
2. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
“Public debt is at historic heights. Elevated levels of debt can strain governments in case of a change in market sentiment. It may also limit the ability of governments to support the economy in the case of a sharp downturn or a financial crisis."
3. Midshot Gaspar
4. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
" The prospects for the world economy are very positive. There is a broad-based cyclical upswing in our forecast for the medium term. Public debt-to-GDP ratios will be coming down in most countries, but that is predicated on countries delivering on their fiscal plans. There is no room for complacency."
5. Midshot Gaspar
6. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
"The Fiscal Monitor is full of exciting examples of real world experiences with digitalization. The most exciting is the possibility of leapfrogging by low income countries. And the examples that we are telling have to do with the use of mobile telephony which has become extremely important in these countries and if used systematically in the area of tax administration. Individual taxpayers, small businesses can use their mobile phones to file their tax returns."
7. Midshot Gaspar
8. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department:
"The digital giants have made apparent a number of difficulties with the architecture of international tax having to do with the importance of intangible assets, sales without physical presence and all this raises issues having to do with the distribution of taxing rights around the world. We need a global cooperative solution. Unilateral... national... targeted solutions are not a step in the right direction."


Washington, DC – Recent
9. B-ROLL: Exterior IMF
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