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

Washington, DC --- 08 April 2019
2. Midshot Vitor Gaspar, IMF Director of the Fiscal Affairs Department
3. SOUNDBITE: (English) Gaspar, IMF Director of the Fiscal Affairs Department :
“The global economy is in a synchronized slowdown. Risks are on the downside. Large economies should be prepared to engage in concerted action. Our analysis finds that in case of major enduring shocks to the global economy, coordinated multilateral action holds the key to effectiveness.”
4. Midshot
5. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department :
“Low interest rates cannot be allowed to feed complacency. In most countries around the world public debt ratios and interest payment burdens are on the rise. Fiscal policy should be conducted in the context of a medium-term framework. Otherwise, as it happened too many times in the past, overborrowing may be followed by investors' panic and financial markets disruptions.”
6. Midshot
7. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department :
“Policymakers must act now to curb global warming. The window of opportunity is closing fast. Countries pledges for the Paris agreements are insufficient. Finance ministers must fully engage as carbon tax takes the center of mitigation efforts.”
8. Midshot
9. SOUNDBITE: (English) Vitor Gaspar, IMF Director of the Fiscal Affairs Department :
“The Fiscal Monitor argues that carbon taxation should be the centerpiece of mitigation efforts. Carbon pricing provides incentives to reduce energy consumption to move towards clean forms of energy and move away from coal and other polluting fossil fuels. At the same time, the revenues from carbon taxation can be used to give money back to the people, compensate affected communities, finance public infrastructure and reduce taxation on labor and capital.”

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