IMF Africa / India / ECB / Trade




04 Jun 2020


Washington, DC, United States



IMF Africa / India / ECB / Trade
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 4 June, 2020
2. Walk-up news conference
3. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“The IMF is providing emergency financing assistance on what I would characterize as an unprecedented scale. So what does that mean? As of June 3rd yesterday, between 35 and 40 sub-Saharan African countries have made a request for emergency assistance from the IMF. And 27 countries so far have received financing from the fund. They have received it for a total of about US 10 billion dollars again already disbursed and without IMF traditional conditionality. More is planned in the coming weeks. So this 10 billion number that I just gave, this is actually about 10 times more than what we have been disbursing to the region on average on an annual basis.”
4. Cutaway profile
5. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“The priority is continues to be swift implementation of this response effort to the crisis. In particular, although medium term fiscal consolidation remains important, further fiscal stimulus can be deployed as needed to support the poor. And given the sharp slowdown in domestic and global activity, there may be scope for additional monetary easing as well to support growth and financial stability may apply.”
6. Cutaway profile shot
7. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“The IMF staff welcomes the ECB decision to provide further liquidity support by increasing the size and duration of its pandemic emergency purchase program and its commitment to maintain a strong, accommodative stance until the ECB is medium term inflation objective is met.”
8. Cutaway profile shot
9. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“Today, more than ever, the global economy would benefit from a more open, stable, transparent, rules-based trade system. On the particular questions, we have in fact raised our concerns over supply disruptions from the use of export restrictions and other actions that limit trade of key medical supplies and food. “
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  • Brian Walker
    Media Relations Officer
    United States
    +(1) 202.623.7381
    +(1) 202.286.5839