IMF Georgieva Debt




10 Feb 2020


Washington, DC, United States



IMF Georgieva Debt
1. Exterior of World Bank headquarters
2. Wideshot of IMF Managing Director Kristalina Georgieva on stage with World Bank President David Malpass
3. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“In this more interdependent and more shock prone world, it is in everybody's interest to improve transparency and improve reporting.”
4. Midshot of stage and venue
5. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“We need to be mindful that in this world of pressure for debt restructuring, the very best we can do is to emphasize much more strongly prevention, because prevention is better than cure. Don't get in this place to begin with. And for many countries, I would really argue that when they are in trouble around debt, they ought to get serious about the macro framework that may have contributed to be in this place to begin with. And I think anyway, you cut it there is no substitute for responsible policies.”
6. Reporters listening
7. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“Let's remember why. Why? I mean, why I worry so much about that in low income countries. Because what it means is that if it is not properly managed, interest rates - often high - takes away precious resources from education and call and help in infrastructure investments. Takes it away from people who are most in need of quality of investments.”
8. Wideshot of venue, exterior
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  • Brian Walker
    Media Relations Officer
    United States
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