IMF China / Europe / Tunisia



TRT: 2.50
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 29 March 2018
2. Midshot, walk up IMF Spokesman Gerry Rice
3. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“We're actually proposing a limit, a cap, on how much countries need to contribute in total, so there is a cap on that. There is also a limit, a cap, on how much a country can receive. So just by way of clarification, I mentioned those points,”
4. Reporter cutaway
“The bottom line is that we think a central fiscal capacity could indeed be an important element of strengthening the Eurozone going forward. We estimate that such a fiscal capacity along the lines that we have proposed could reduce the negative effects on output during a downturn by more than 50 percent. So it is significant and the costs are relatively moderate around 0.35 percent of GDP.”
5. Midshot, reporters
6. SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“We think it's a very important initiative that we think it can foster regional cooperation including in, in trade and investment, and finance, and it could indeed make a very significant contribution in terms of infrastructure, connectivity to countries and, again, all of this supporting trade and growth. On the other hand, we've also said, you know, like -- well, like other major initiatives of this type, it can entail risks including issues of debt sustainability and spillovers to other countries, as well as, you know, risks for China including credit risk. So, the key is to balance, obviously, the potential benefits which we see with the potential risks.”
7. Cutaway, reporters
SOUNDBITE: (English) Gerry Rice, IMF Spokesman:
“We think that the more frequent reviews will also send a positive signal to the international community and to investors in terms of Tunisia's macroeconomic policies and their implementation.”

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