IMF World Bank Coronavirus




04 Mar 2020


Washington, DC, United States



IMF World Bank Coronavirus
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- Wednesday 4 March 2020
2. Walk-up Gerry Rice, Kristalina Georgieva and David Malpass
3. SOUNDBITE: (English) Kristalina Georgieva, IMF Managing Director:
“We know the disease is spreading quickly with over one-third of our membership affected directly. This is no longer a regional issue. It is a global problem calling for a global response.”
4. Cutaway Georgieva and Malpass
5. SOUNDBITE: (English) Kristalina Georgieva, IMF MD
“Global growth in 2020 will dip below its last year's levels. But how far it will fall and how long the impact would be is still difficult to predict.”

6. Cutaway Reporter
7. SOUNDBITE: (English) David Malpass, President World Bank Group

“It’s a $12 billion package of which $ 6 billion dollars is IBRD and IDA, and that enables and allows special protection for poor countries. And then there's also $6 billion Dollar from the International Finance Corporation. That's critical because it's private sector financing, it's fast acting and it takes the form of trade finance and working capital finance, which are some of the most needed services that can be provided during this crisis.

8. Cutaway Reporter
9. SOUNDBITE: (English) David Malpass, President WBG

“It's important that the fiscal and monetary stimulus not shift resources away from working capital.”

10. Cutaway Reporter
11. SOUNDBITE: (English) Kristalina Georgieva, IMF MD
“We do have up to $10 billion dollars available for low income countries to tap in with zero interest rates. And obviously we would prioritize countries, especially countries in Africa, that have already been faced with difficulties.”

12. Wideshot Georgieva and Malpass
13. SOUNDBITE: (English) Kristalina Georgieva, IMF MD
“What is hugely important today is to focus on building a bridge between where we are and that time when we would see a recovery to make sure that the impact, meanwhile, is softened first and foremost on people and also, of course, on businesses and the economy.”

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