IMF Georgieva Global Growth




14 Oct 2020


Washington D.C., United States



IMF Georgieva Global Growth
Washington, DC --- 09 October 2020
1. Wideshot of closed IMF Headquarters, various street scenes
Washington, DC --- 14 October 2020
2. Wideshot IMF Officials on set
3. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“The picture over the last couple of months has become less dire. Yet we continue to project the worst global recession since the Great Depression. Growth is expected to fall to minus four point four percent this year. And over the next five years, the crisis could cost an estimated twenty eight trillion in output losses.”
4. Cutaway Wideshot
5. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“A durable economic recovery is only possible if we beat the pandemic and we beat it everywhere. Stepping up vital health measures is our imperative as ease fiscal and monetary support to households and firms. These lifelines, such as credit guarantees, wage subsidies, they're likely to remain critical for some time to ensure economic and financial stability. Pull the plug too early and then we can see serious selfishly inflicted harm. Avoid, avoid doing that.”
6. Cutaway Wideshot
7. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“In the short run, given the high level of uncertainty, I worry most about withdrawing support to workers and firms prematurely because it could cause a wave of bankruptcies and massive increase in unemployment. We are advising all governments do as much as you can. Don't cut financial lifelines too early. When we look down the road, I worry about the scarring. This crisis can cause an increase in inequality.”
8. Cutaway Wideshot
9. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“A crisis like no other. Calls for recovery like no other. We must dare to face our most daunting challenge. Together, we must dare to take the right actions now.”
Washington, DC --- 09 October 2020
10. Exterior street scene of IMF Headquarters
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