IMF US Coronavirus

ID

559177

SHOOT DATE

27 Mar 2020

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF US Coronavirus
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 27 March 2020
2. Wideshot of virtual news conference
3. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“As Chairman Powell said, actually, I think it was yesterday. The U.S. is in recession, as is the rest of the advanced rest of the advanced economies world. And in a big chunk of developed and emerging markets in developing economies. How severe? We are working now on our projections for 2020. In a short while prior to the Spring Meetings, we will come up with these projections. And at that time, we will have assessed more thoroughly the data that is now coming on the impact of containment on the economy. Let me just stress that while containment is the main reason for the economy to stand still and get into a recession.”
4. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“Containment is very necessary to come out of this period and step into recovery. Until the virus is not contained, it would be very difficult to go to the lives we love.”
5. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“And in that context that you're asking on unemployment and other and other factors. We are assessing very carefully any now projections. We will be able to answer this question, as you would appreciate. We are seeing the early impact of this containment measure in the United States and elsewhere. And we are working towards a more deliberate assessment. We don't want to rush with our numbers. It is very important to be prudent in taking the, If I can use a health terminology, taking the temperature of the economy. On the 2 trillion package: very welcome step by the US for two reasons. One, because it is necessary to cushion the world's largest economy against an abrupt drop of economic activities. “
6. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“It is very important for the American people. It is also important for the rest of the world, given the significance of the United States. Second, very welcome because it is well-targeted. First, beef up the capacity of the health system. A hundred and seventeen billion dollars for hospitals. Second, helping workers and their families to be protected against a sudden loss of income so they can meet their daily needs. Third, protecting firms, large companies and SME's - small and medium sized companies. Protecting them is so critical. They stay afloat. Then when recovery comes, momentum can be injected very quickly.”
7. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“And this is being done with an eye to actually incentivize companies to keep their workers on the payroll. There they would benefit if they do so. Finally, the measures that are there to protect the financial system. Would that be sufficient? We only can answer this question when we know how long it takes to contain the pandemic.”

Washington, DC – Recent
8. B-ROLL: Exterior street scenes of shuttered businesses
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