10 Apr 2019


Washington, United States



Edited Package
Washington, DC Wednesday -- 10 April 2019

1. Wide of U.S. Treasury Secretary Steven Mnuchin and Greg Ip, Chief Economics Commentator, The Wall Street Journal at beginning of forum
2. Mid audience
3. SOUNDBITE: (English) Steven Mnuchin, U.S. Treasury Secretary
“I think that the IMF and World Bank are both very important institutions. As important today as they’ve ever been. I look forward to working with the new World Bank President David Malpass, who you know I’ve worked with very closely for the last 3 years. Look forward to his leadership there. And, I’ve had a very productive relationship with Christine Lagarde. We’re working with her you know on the issue of capital at the IMF and IMF reforms and we hope we make a lot of progress on this.”
4. Mid audience
5. SOUNDBITE: (English) Steven Mnuchin, U.S. Treasury Secretary
“The first issue we have to reach an agreement on is the size of the balance sheet and the resources. And we want to make sure that the IMF has the necessary resources not only for today but for unforeseen circumstances. And I think that’s something we’re going to have an agreement on. And the second issue is, kind of what’s the structure of those resources. And, again it can be a combination of quota, NABs (New Arrangements to Borrow) And potentially bilateral situations.”

6. Mid audience
7. SOUNDBITE: (English) Steven Mnuchin, U.S. Treasury Secretary
“We are fully supportive that the IMF has the necessary resources. We don’t think it necessarily has to be in quota increases. There’s other ways that it can be done. And as the largest shareholder, obviously we have a big interest in this and supporting them.”
8. Wide audience applauding
9. Wide Ip and Mnuchin exiting stage
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  • Brian Walker
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