IMF Fiscal Monitor Presser




10 Apr 2019


Washington, DC, United States



Edited Package
Washington, DC Wednesday -- 10 April 2019

1. Wide IMF officials before briefing on Fiscal Monitor
2. Wide journalists at news conference
3. UPSOUND: (English) Vitor Gaspar, IMF Fiscal Affairs Department Director, holding new Fiscal Monitor
“Thank you for your interest on the Fiscal Monitor, which has a brand new cover with a brand new color.”
4. Mid journalists
5. SOUNDBITE: (English) Vitor Gaspar, IMF Fiscal Affairs Department Director:
“Fiscal policy decision makers should be aware of elevated public debt ratios, financial vulnerabilities, and downside risks to nominal growth. For most countries, getting their fiscal houses in order means preparing for the next downturn or financial crisis. Fiscal policy also needs an upgrade.”
6. Wide IMF officials at. briefing
7. SOUNDBITE: (English) Vitor Gaspar, IMF Fiscal Affairs Department Director:
“What we do know, from historical experience and empirical analysis, is that financing conditions are volatile, and they can change abruptly. There is no scarcity of financing crises. Some involving advanced economies. Some involving emerging market economies. Some involving low income countries. So, clearly, the risks associated with the rollover of high levels of public debt have not gone away. And those are the risks that we emphasize in the Fiscal Monitor, the risks that we believe that ministers of finance would be well advised to manage carefully.”
8. Close reporter asking question
9. SOUNDBITE: (English) Vitor Gaspar, IMF Fiscal Affairs Department Director:
“You can think of the government budget as a complicated plumbing system. Corruption corrodes the pipes in the fiscal house. Precious financial resources leak out. Curbing corruption requires enduring political will and sustained reform to institutions and practices. Curbing corruption is difficult, but it brings important benefits.”
10. Wide IMF officials at end of news conference
IMF content shall not be edited or modified in a manner intended to create a false or misleading version of the underlying material.


  • Brian Walker
    Media Relations Officer
    United States
    +(1) 202.623.7381
    +(1) 202.286.5839