| 00:00:07 |
Unidentified Speaker, -
SPRING MEETING. SHE DISCUSSED THE CONSENSUS WITHIN THE GROUP THAT STRUGGLING GOVERNMENTS MUST BE REFORMED OR RISK RAISING ECONOMIC DANGER. THIS IS 35...
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| 00:00:36 |
Unidentified Speaker, -
THE IMF, IT IS MY PLEASURE TO INTRODUCE YOU TO THE CHAIRMAN OF THE COMMITTEE, THARMAN SHANMUGARATNAM. AND TO HIS RIGHT, THE FIRST DEPUTY MANAGING DIRECTOR...
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| 00:01:24 |
Unidentified Speaker, -
I WILL GIVE YOU A QUICK SENSE OF DISCUSSIONS YESTERDAY AND TODAY WE HAD A JOINT PRESS CONFERENCE
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| 00:01:35 |
Unidentified Speaker, -
YESTERDAY WE DISCUSSED THE STRENGTHENING OF THE GLOBAL SAFETY NET. IT WAS AN IMPORTANT STEP FORWARD. TODAY, BEYOND THAT ANNOUNCEMENT, IN OUR SESSIONS...
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| 00:05:10 |
Unidentified Speaker, -
IT IS TO HAVE A GOOD CHAIRMAN. I HAVE TO TELL YOU THAT HE IS A SUPERB CHAIRMAN. THIS SHOULD BE RECOGNIZED, EVEN IN FRONT OF YOU. HE WAS TERRIFIC. HE...
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| 00:08:02 |
Unidentified Speaker, -
WALL. THAT WAS THE ACHIEVEMENT OF YESTERDAY. FINALLY, ON MORE DOMESTIC AND INTERNAL ISSUES, WE HAD A STRONG ENDORSEMENT OF THE COMPLETION OF THE QUOTA...
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| 00:09:45 |
Unidentified Speaker, -
I THINK THE MEETING PROVED TO BE A SUCCESS.
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| 00:09:50 |
Unidentified Speaker, -
MANAGING DIRECTOR, DO YOU THINK THE WASHINGTON MOMENTS HAS BEEN ACHIEVED? IT SEEMS TO ME THAT THE BRIC COUNTRIES THAT STILL WANT TO LINK WITH THE GOVERNANCE...
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| 00:10:39 |
Unidentified Speaker, -
WASHINGTON MOMENT, YES. THE DYNAMIC THAT WAS CREATED IN THE COURSE OF THIS
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| 00:10:46 |
Unidentified Speaker, -
MEETING. WE WILL HEAR MORE FEEDBACK BECAUSE IT IS THE SPUR OF THE MOMENT, YOU TEND TO BE QUITE UPBEAT ABOUT WHAT HAS BEEN ACHIEVED, AND THEN YOU HAVE...
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| 00:12:24 |
Unidentified Speaker, -
DOW JONES. ONE
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| 00:12:31 |
Unidentified Speaker, -
QUESTION FOR THE MANAGING DIRECTOR AND ONE QUESTION FOR THE CHAIRMAN, PLEASE. SOME FINANCE MINISTERS HAVE SAID THAT THERE ARE ADDITIONAL SAFEGUARDS...
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| 00:13:42 |
Unidentified Speaker, -
TO THE ARTICLES. WHAT HAS BEEN CLEARLY REMINDED DURING THE COURSE OF THE
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| 00:13:47 |
Unidentified Speaker, -
DISCUSSION IS THAT NUMBER ONE, THOSE BILATERAL LOANS, WHICH ARE TO BE ADJUSTED, DO NOT FORM A SPECIAL CALL FIRST THAT WOULD HAVE A LABEL ON IT. -- COFFERS...
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| 00:14:50 |
Unidentified Speaker, -
NON-G-20 COUNTRIES THAT DECIDED TO PARTICIPATE. IT IS VERY IMPORTANT TO ALL OF US THAT ANY USE OF THESE FUNDS BE ACCOMPANIED BY THE SAME STRICT CONDITIONALITY...
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| 00:16:52 |
Unidentified Speaker, -
THE IMF HAS SAID IT IS READY TO ADOPT SOME OF THE BAILOUT PROGRAMS IN CASE IT IS NEEDED. MY
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| 00:17:06 |
Unidentified Speaker, -
QUESTION IS, DO YOU FEEL THE NEED TO ADOPT THE BAILOUT PROGRAMS FOR PORTUGAL? IF NOT, IF YOU THINK THAT PORTUGAL IS ON THE RIGHT TRACK. THANK YOU. >>...
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| 00:17:31 |
Unidentified Speaker, -
IT WORKS LIKE ANY OF OUR PROGRAMS. THE PORTUGUESE GOVERNMENT AND OPPOSITION DID A FANTASTIC JOB BECAUSE THEY CAME TOGETHER AS MEMBERS OF THE IMF CAME...
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| 00:18:21 |
Unidentified Speaker, -
THE REVIEW THAT WAS CONDUCTED CERTAINLY CONCLUDED THAT THE PROGRAM WAS ON TRACK. >>
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| 00:18:30 |
Unidentified Speaker, -
YES, SIR. >> THANK YOU. "WASHINGTON POST.
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| 00:18:38 |
Unidentified Speaker, -
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| 00:18:41 |
Unidentified Speaker, -
COMING FROM A PART OF THE WORLD THAT IS RESHAPING THE GLOBAL ECONOMY THROUGH COMPETITION AND PRODUCTIVITY, DEERFIELD THE INDUSTRIALIZED WORLD -- DO YOU...
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| 00:19:24 |
Unidentified Speaker, -
ACROSS THE ROOM AMONGST THE ADVANCED COUNTRIES, THE WESTERN ECONOMIES, THERE IS A VERY STRONG RESOLVE TO GET TO THE HEARTS OF ISSUES OF COMPETITIVENESS,...
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| 00:21:23 |
Unidentified Speaker, -
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| 00:21:29 |
Unidentified Speaker, -
HOW WILL BE THE WORK WITH LOW INCOME COUNTRIES? DO YOU THINK THESE COUNTRIES WILL BE ABLE TO MAKE THE REFORMS? >> WE DO NOT TALK ENOUGH ABOUT THE WORK...
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| 00:21:50 |
Unidentified Speaker, -
OF THE 48 PROGRAMS WE HAVE, MORE THAN HALF OF THEM ARE WITH LOW INCOME COUNTRIES. THEY'RE NOT FOR HUGE AMOUNTS BECAUSE EVERYTHING IS PROPORTIONAL. BUT...
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| 00:22:53 |
Unidentified Speaker, -
I HAVE TWO SHORT QUESTIONS.
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| 00:22:58 |
Unidentified Speaker, -
DOES THE IMF -- THERE ARE RUMORS. DID YOU THINK ABOUT THE POSSIBILITY THAT PARTY IS AGAINST THE GREEK PROBLEM TO HAVE A MAJORITY IN PARLIAMENT ON MAY...
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| 00:23:38 |
Unidentified Speaker, -
ANYBODY IN THE MEDITERRANEAN. NORTH, SOUTH, IN BETWEEN. HAS THERE BEEN A DISCUSSION ON ANY TYPE OF PROGRAM WITH CYPRUS? NOT TO MY KNOWLEDGE. I WOULD...
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| 00:24:12 |
Unidentified Speaker, -
SUPPORTS THE ARAB COUNTRIES. WHAT ABOUT THE AGREEMENT WITH THE ARAB SPRING COUNTRIES, ESPECIALLY EGYPT? THANK YOU. >> I WILL SHARE A SECRET WITH YOU....
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| 00:24:34 |
Unidentified Speaker, -
WE HAVE A COMMITMENT TO THE ARAB COUNTRIES IN TRANSITION, BY OUR ANNUAL MEETING IN TOKYO, WE WILL HAVE SEVERAL PROGRAMS IN PLACE TO HELP THEM NAVIGATE...
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| 00:25:48 |
Unidentified Speaker, -
YOU MENTIONED IN THE COMMUNIQUE THAT THE FRAMEWORK SHOULD BE SIGNIFICANTLY -- DOES IT MEAN THAT
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| 00:26:03 |
Unidentified Speaker, -
THE IMF WOULD TAKE INTO CONSIDERATION THE EXCHANGE RATE POLICY? >> A VERY POINTED QUESTIONS. IT IS ONE OF THE COMPONENTS
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| 00:26:20 |
Unidentified Speaker, -
THAT WE WOULD BE LOOKING AT. THERE ARE OTHERS, BUT IT IS ONE OF THEM, YES. >> OK. LADY WAY OVER HERE. >> THANK YOU.
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| 00:26:34 |
Unidentified Speaker, -
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| 00:26:40 |
Unidentified Speaker, -
IN THE COMMUNIQUE THE MEMBERS COLLECT -- ALL FORMS ARE PROTECTED. IN THE EXCHANGE RATE BECAUSE SOME COUNTRIES CONTROL THE EXCHANGE RATES. THE ONES HAVING...
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| 00:27:37 |
Unidentified Speaker, -
AGO, WE HAD A GOOD MEETING, PRETTY MUCH A CONSENSUS AMONG THE EMERGING COUNTRIES AND ADVANCED COUNTRIES. WHETHER WE WERE TALKING ABOUT CHINA OR BRAZIL...
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| 00:29:06 |
Unidentified Speaker, -
RELATIONSHIP BETWEEN MOVEMENT OF CAPITAL FLOWS AND MONETARY POLICIES. THAT WAS ANOTHER MATTER THAT WAS OF INTEREST. THERE IS EVIDENCE OF A CLOSE RELATION...
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| 00:29:51 |
Unidentified Speaker, -
NEXT TO YOU. >>
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| 00:29:55 |
Unidentified Speaker, -
THANK
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| 00:29:56 |
Unidentified Speaker, -
YOU. I AM FROM SINGAPORE. A QUESTION ON ECONOMIC REFORMS. WITH
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| 00:30:03 |
Unidentified Speaker, -
THE IMF PREFER TO SEE A LIST OF U.S. SANCTIONS? -- LIFT OF U.S. SANCTIONS? WHAT ELSE WOULD THEY BE LOOKING TO DO? >> [INAUDIBLE] >>
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| 00:30:25 |
Unidentified Speaker, -
JUST LIKE EVERYBODY FROM SINGAPORE, YOU ARE REALLY FAST. YOUR QUESTION ABOUT THE ADVANCED ECONOMY,
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| 00:30:34 |
Unidentified Speaker, -
U.S. AND EUROPE? >> MAINE AND MARK. >> -- ME AND MARK. >> WE DO NOT BRAD
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| 00:30:45 |
Unidentified Speaker, -
MUCH ABOUT WHAT WE DO. ON THIS
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| 00:30:48 |
Unidentified Speaker, -
PARTICULAR CASE, OTHERS WOULD HAVE. WE HAVE BEEN BEHIND THE
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| 00:30:52 |
Unidentified Speaker, -
SCENES DISCREETLY HELPING THE MONETARY AUTHORITIES IN RELATION TO THE MOST RECENT CURRENCY REFORM. WE HAVE BEEN WORKING WITH THE CENTRAL BANK ON THAT...
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| 00:31:34 |
Unidentified Speaker, -
SOME OF THE SANCTIONS HAVE BEEN LIFTED ALREADY. THERE IS A MOMENTUM THAT IS CLEARLY INITIATED. MY DEAREST HOPE IS THAT IT
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| 00:31:42 |
Unidentified Speaker, -
CONTINUES. >> ONE LAST QUESTION. WE BRING IN SEVERAL JOURNALISTS TO
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| 00:31:51 |
Unidentified Speaker, -
WASHINGTON. I WOULD LIKE TO -- THANK YOU. >> YOU CAN JOIN THE FELLOWSHIP. >> GOOD AFTERNOON. I WOULD LIKE TO ASK
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| 00:32:06 |
Unidentified Speaker, -
YOU, HOW
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| 00:32:07 |
Unidentified Speaker, -
THE EURO CRISIS WILL AFFECT THE EMERGING COUNTRIES? MACEDONIA HAS AN ARRANGEMENT WITH THE IMF FOR 480 MILLION EUROS. DESPITE THAT, AT OUR GOVERNMENT...
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| 00:33:00 |
Unidentified Speaker, -
ON THE CONSEQUENCES IN SOUTHERN EUROPE, IT IS MORE CENTRAL AND EASTERN EUROPE. IT IS THE IMMEDIATE CIRCLE THAT IS POTENTIALLY EXPOSED. THAT IS WHY IT...
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| 00:34:27 |
Unidentified Speaker, -
FROM THE COMMERCIAL BANKS? >> [INAUDIBLE]
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| 00:34:34 |
Unidentified Speaker, -
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| 00:34:35 |
Unidentified Speaker, -
THE GOVERNMENT IS SPENDING THAT MONEY FOR THE SOCIAL TRANSFERS, BUT NOT FOR CAPITAL INVESTMENT. DO YOU THINK THIS IS THE RIGHT POLICY AT THIS MOMENT?...
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| 00:34:55 |
Unidentified Speaker, -
WE WILL GET BACK TO YOU, I PROMISE. >> THANK YOU, EVERYBODY. >>
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| 00:35:06 |
Unidentified Speaker, -
THE
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.