IMF Georgieva Covid-19 Global Response




28 Mar 2020


Washington, DC, United States



IMF Georgieva Covid-19 Global Response
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 25 March, 2020
2. B-ROLL: Cuts IMF MD Kristalina Georgieva and Spokesperson Gerry Rice
3. SOUNDBITE: (English) Kristalina Georgieva, Managing Director IMF

“We do project a recovery in 2021. In fact, there may be a sizeable rebound, but only if we succeed with containing the virus everywhere and prevent liquidity problems from becoming a solvency issue. A key concern about a long-lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery but can erode the fabric of our societies.”

4. B-ROLL: Cuts Gerry Rice

5. SOUNDBITE: (English) Kristalina Georgieva, MD IMF

“Over 80 countries have placed requests and more are likely to come. And normally we will never have had more than a handful of requests at any one time. Yesterday, our Executive Board approved the first of those requests for the Kyrgyz republic in a record fast disbursement.”

6. B-ROLL: Cuts Gerry Rice
7. SOUNDBITE: (English) Kristalina Georgieva, MD IMF

“We are proposing to double our emergency financial capacity, simplify our processes, fill the gap in our concessional financing. Second, we are reviewing our lending instruments to see what might be missing in the context of this crisis so that we can respond appropriately. What we want is: countries to approach the fund and access the tools they require for the needs they have. The sooner they do it, the sooner they obtain necessary financing, the sooner they implement good policy. The better chance we have to contain the damage and move towards recovery.”
8. B-ROLL: Cuts Gerry Rice
9. SOUNDBITE: (English) Kristalina Georgieva, MD IMF

“It is all hands on deck at the IMF. We are working very hard to strengthen our response capacity as much as possible. We have been successfully working now more than 10 days virtually.”

Washington, DC – Recent
10. B-ROLL: Washington D.C. streets and Exterior IMF
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