Spring Meetings Georgieva Press Conference




15 Apr 2020


Washington, DC, United States



Spring Meetings Georgieva Press Conference
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 15 April, 2020
2. SOUNDBITE: (English) Kristalina Georgieva, Managing Director IMF

“It is a crisis like no other in scope. We are now in the worst recession since the Great Depression. We are experiencing a 3 percent contraction of global GDP. And 170 countries are going to see income per capita falling versus what we expected three months ago for a 160 for them to go up.”

3. B-ROLL: Cuts, Wide-Shot Studio
4. SOUNDBITE: (English) Kristalina Georgieva, Managing Director IMF

“Making sure that our financial system continues to function - it matters. And what we have seen is central banks providing ample liquidity. Eight trillion dollars of fiscal measures. So our message is: spend as much as you can, but keep the receipts. We don't want accountability and transparency to take a backseat in this crisis.”

5. B-ROLL: Cuts, Wide-Shot Kristalina Georgieva
6. SOUNDBITE: (English) Kristalina Georgieva, Managing Director IMF

“It is a really difficult time for everybody. But in particular, it is difficult for countries that already stepped into this crisis with complex challenges. The same way the virus hits people with existing preconditions that are more vulnerable, the hardest. It hits economies with preexisting difficulties, the hardest.”

7. B-ROLL: Cuts, Wide-Shot Studio
8. SOUNDBITE: (English) Kristalina Georgieva, Managing Director IMF

“We are telling everybody: do all you can. And I just want to assure you that we are following ourselves on our own advice. Everything is on the table in terms of measures we can take. What we do is: first, do all we can with the resources we have. Second, make sure that there are no gaps in what we have to be of service to the membership.”

Washington, DC – Recent
9. B-ROLL: Washington D.C. streets and Exterior IMF
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  • Brian Walker
    Media Relations Officer
    United States
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