IMF Weekly Briefing



Edited Package
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 14 December 2017
2. Walk-up News conference
3. Reporters cutaway
4. SOUNDBITE: (English) Bill Murray, IMF Spokesman:
“We always look at risks. I mean that’s part of what we do and, you know, over the horizon-type risks. But at this juncture, our general feeling is that the fed is on the right track. You know, we’ve been supportive or recent fed FOMC decisions, including yesterday’s decision to raise interest rates by a quarter point. And as long as the fed continues to communicate well, its process of policy, normalization, helping to minimize market disruption and unwelcome spillovers to other markets is a good track to be on.”
5. Cutaway Reporters
6. SOUNDBITE: (English) Bill Murray, IMF Spokesman:
“Future moves in the policy rate should be gradual and dependent on the data, ensuring there are greater signs of wage or price inflation than are currently evident.”
7. Cutaway Reporter
8. SOUNDBITE: (English): Bill Murray, IMF Spokesman:
“The Zimbabwe economy faces severe challenges. Unsustainable fiscal deficit has led to severe liquidity shortages, created inflationary pressures and threatened the viability of the financial sector and the exchange rate regime. Restoring growth will require concerted efforts to tackle the fiscal deficit, including through rationalizing and better targeting of the expensive agricultural support programs. These efforts should be complimented by structural reforms to strengthen the role of the private sector by improving the business climate and reducing policy uncertainty in Zimbabwe.”
9. Reporters Cutaway
10. SOUNDBITE: (English): Bill Murray, IMF Spokesman:
“Our understanding as a result of this mission but also in our ongoing context is that the authorities are cognizant of the challenges facing Zimbabwe and have expressed their determination to address them. They presented their 2018 budget on December 7th and that budget stresses that the government's intention to re-impose budget discipline, reform and open the economy and engage with the broader international community. In this regard, the clarification and simplification of what's called the Indigenization Policy is a step in the right direction. “
11. Bill Murray midshot

Washington, DC – Recent
12. B-ROLL: Exterior IMF
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