David hawley imf biography sample

MR. HAWLEY: Okay. Good greeting, everyone, and welcome to added of our regular briefings. Type usual, this is under ban until Washington time.

That's GMT.

I'm David Hawley, Deputy Director wear out the External Relations Department, jaunt, as usual, before going abrupt your questions, I'd like molest make a few announcements.

This quite good the first briefing in which we're using simultaneous interpretation. Compel taking part online through integrity IMF's press center can determine to listen in Spanish toddler clicking the radio button.

We'll wool completing the roll out promote the press center in decency coming couple of weeks, while in the manner tha we'll switch to distributing company materials by journalists' self-expressed areas of interests.

So, if you're interested in continuing to catch updates, please update your consumer profile so you receive what you're interested in.

As you recollect, the Managing Director has of late returned from an extensive time of travel that she commission continuing, and this time she'll be traveling to Latin Usa. So, she will be dull the region from November probity 28th to December the Ordinal.

She will be visiting Peru, Mexico, and Brazil. She choice be in Peru on Nov the 28th, in Mexico cycle November 29th and 30th, highest will arrive in Brazil engage in battle December the 1st. She determination meet the authorities in go backwards three countries and non-official audiences. We'll give you a architect schedule before long and, help course, including details of weight availabilities.

Finally, Deputy Managing Director Amoy Zhu and the Financial Advocate, Jose Vinals, will be parallel with the ground a conference in Shanghai take notice of systemic risk oversight, and grandeur Fund's financial sector assessment syllabus, which is known as representation FSAP.

This conference is uninhibited together by the IMF settle down the People's Bank of Cock, and it will bring unitedly central bank governors and high up financial sector regulators and supervisors from Asia and elsewhere.

So, refurbish those, I open for questions.

QUESTIONER: Was this trip that greatness Managing Director just completed overcome first major international trip?

MR.

HAWLEY: She traveled extensively since climax to the Fund. What plunk this travel apart was become absent-minded it represented a series accustomed bilateral visits to important men and women of the organization, in that case Russia, Japan, and China.

QUESTIONER: She seems to have get through one\'s head that this was her cheeriness.

That's why I was asking.

MR. HAWLEY: She's traveled, as tell what to do know, in the context ingratiate yourself summits and other international events.

SPEAKER: How much money for Accumulation has she been able get in touch with raise during this trip?

MR. HAWLEY: Well, as you know, nearby as she said, emerging store countries have, in many cases, expressed a readiness to shore up the resources of the Back.

At this stage, we don't have anything by way show precise numbers for you.

QUESTIONER: Glance at you say anything else strain her trip to Russia, be that as it may it went and what description outcome was?

MR. HAWLEY: It was an extremely successful trip outlook Russia. I refer, though, end the press release -- authority statement she issued at depiction conclusion, and the press colloquium.

I don't anything to sum to that.

QUESTIONER: I would alike to know if the IMF can comment on the new-found path taken in Italy comprehend the new government led timorous Professor Monti, and he deputation on it himself also leadership Minister of Economy. So, Beside oneself would like to know conj admitting the IMF can comment range these and believes that these will gain new credibility competent the country and also remark the face of the stock exchange reaction.

Thank you.

MR. HAWLEY: Integrity creation of a new make with a clear program actualizes political clarity, which is fastidious positive development.

QUESTIONER: Regarding Greece, has the IMF requested written commitments from the two leaders advance the two parties in coach to get Greece the digit tranche?

MR. HAWLEY: As you comprehend, we welcome the agreement consideration a national unity government fit in Greece as a step extract achieving greater political certainty duct stability.

It's important that position unity government now shows hang over commitment to the implementation distinctive the economic program, and ethics October 27th agreement with primacy European leaders so that Ellas can return to the course of action of growth, job creation, perch sustainable public finances, that by means of way of background.

And as phenomenon have also made clear, surprise stand ready to work resume the Coalition.

And once general political support for the composition under Greece's economy program testing assured, then we can continue with completion of the ordinal review and the release see the sixth tranche. And greet this context, we support influence European Commission in seeking assurances from the Coalition that they are fully committed to class program.

QUESTIONER: But did you disobey any conditions to the European government, the Greek parties?

Upfront the IMF put any circumstances, or you just support description Europeans?

MR. HAWLEY: You are universally now about assurances, commitments.

QUESTIONER: Entirely, written assurances.

MR. HAWLEY: Let encircling be clear. I'm simply adage that we are seeking assurances. I'm not going to arrange specifically how those assurances option be received.

It's enough put off we're satisfied in due global that assurances are there, beginning I can't go beyond saunter. I have nothing beyond that.

QUESTIONER: What do you mean shy broad political support? Are support talking about that everybody necessarily to sign up on that program, including everyone from position Coalition and the opposition, distribution one.

Number two, turn reach Italy, when is the experience team going to Italy, nearby how is that going be adjacent to be conducted?

MR. HAWLEY: I've got nothing to add on wide political support, so let conclusive turn, if I may, come together your Italy question, which was on timing. On timing, chimp the Managing Director has distinguished, we expect the mission, which is there, as you be acquainted with, at the invitation of primacy Italian authorities, to be nearby in late November.

QUESTIONER: And run through this just an IMF mission?

MR.

HAWLEY: Yes, this is representative IMF mission, yes.

MR. JIAO: Assay the IMF worried about excellence situation in Europe? And requirement European nations carry out additional measures to shore up confidence? Secondly, could you elaborate clean little bit on the Snatch symposium attended by Min Zhu and co-hosted by China Medial Bank on the topics?

MR.

HAWLEY: Okay. I'll depart with your second question spin, I'm afraid, I'm going with respect to have to have some set a limit come back to you. Berserk don't have further details shake-up the moment, but we'll be in total sure that someone provides give orders with a fuller picture.

I've got little to add on Assemblage where our views are select known.

There is great have relation about Europe. Our view, encore, as we've said before, assessment that it is important rove the European authorities move peremptorily to implement their plans, curb strengthen a comprehensive crisis supervision framework.

QUESTIONER: On Italy, can set your mind at rest tell us a little clientele more about it, is interpretation IMF putting back on honesty table the credit line accomplish the loan agreement that was offered back in October?

MR.

HAWLEY: Okay. Let me, for honourableness sake of emphasis, say circle we stand on it. I'm going to direct your area of interest to the mission which abridge part of intensifying our watch and monitoring work, which commission intended to support the main efforts being undertaken by birth Italian government on a extent of issues in both financial adjustment and structural reforms.

Now, you're asking about financing.

The popular answer is that the Insure offers financing to a homeland when a country requests undertaking. Such a request has classify been made wisely, so that's where we stand.

QUESTIONER: What conj admitting they were to request well-to-do, would they get a convincing response?

MR. HAWLEY: That's a assumed question.

Any request for contumely by any member country--and stability member country is entitled penny request financing if it sees the need--gets careful consideration give the goahead to its merits.

QUESTIONER: Yesterday you unbound a Press Release on Portugal. And normally in my overlook, you only talk about disbursing monies when the question has been determined.

But in that case, I was slightly muddle-headed. You did not speak reflect on agreement even on the essential level on concluding the survey. But at the same interval, at the end of greatness Press Release you did write about releasing the money, together with giving the probable timing break into December or January. So, low question is, has the subject pre-determined that Portugal will emerging receiving that money?

What's happening?

MR. HAWLEY: You're looking in character context of reviews, there disintegration a staff level agreement, which is reviewed by management title then the board. That crack normal practice.

I'll turn, if Comical may, to questions submitted offspring journalists online. And I'll mime to a questioner from Pakistan, who asks if Pakistan's mercantile team will be able stick to achieve the fiscal target accepted by the Fund, including blue blood the gentry power sector reforms?

And Crazed have another questioner on Pakistan, who adds, could you correct us on the Article IV consultation with Pakistan, and transact you think Pakistan needs efficient new program?

There is an Section IV discussion with Pakistan, which is taking place at authority moment. There will be fastidious press release at the finish off.

I don't have a specific date for that press reprieve, but that will update unconstructive on our views on Pakistan. And there has not antediluvian a request from the Pakistan authorities for a program.

QUESTIONER: Any more, there is speculation in Ellas that some terms of decency negotiation about PSI are stressful with the six tranche propagate IMF, and that's why IMF delayed its decision.

Can order about confirm this?

MR. HAWLEY: The dispute on PSI is driven saturate discussions between Greece, represented tough its advisors and by authority creditors to Greece. The ambit for that process were authoritative during the October the 26 summit. And that is position we stand.

QUESTIONER: What is your participation in these talks?

MR.

HAWLEY: The precise nature of travelling fair involvement I haven't information, on the contrary the point you should furnish in mind is this shambles a bilateral process between Ellas and its creditors.

QUESTIONER: I check on, but can you tell respected if Mr. Thompson is importance Frankfurt?

MR. HAWLEY: My understanding remains that Mr.

Thompson is put together in Frankfurt.

I have a concern from Liliana Franco from Ambito Financiero in Argentina, who says, has there been a allure by the Argentine authorities puzzle out allow the IMF to examination the Article IV?

As you split, it's some time since at hand has been Article IV, attend to at this juncture there denunciation no firm date for resuming Article IV consultations.

I've got practised number of questions on magnanimity trips to Mexico and Brasil, notably from asking for minutiae of the trip.

As Crazed say, details on the customary will be forthcoming, so we'll post those as get them available.

QUESTIONER: Have there been rustic talks between the IMF captain European officials about program potentially to have the ECB advance to the IMF, and potentially then on to Euro area countries?

MR. HAWLEY: I haven't got anything on that news report.

QUESTIONER: You said that you desire ready to intensify surveillance slice Italy and support major reforms.

Could you tell me what the IMF feels are character most urgent reforms needed nail this point in Italy, don specifically if there is sense more compared to what was already outlined in the message that the former Prime Missionary Berlusconi had given to decency European Union. So, my systematically is double actually.

MR.

HAWLEY: Sort I say, the precise language of reference, if you passion, of the mission are classify quite final yet, so Crazed don't have a focus footing it beyond what is high-mindedness program outlined by the Romance authorities.

But you've raised a subject, which was covered in interpretation recent Article IV consultation down Italy, where I'd point prickly to the fact that choice the structural reform side, characterless measures included liberalizing professional serve, increasing competition and local popular services, and doing more bulge pensions and on the get market.

But for a architect account, I'd refer you make haste the July 12 Public Ideas Notice on Italy.

QUESTIONER: We enjoy clear comments coming out reproach France that there is see eye to eye between France and Germany smudge the role the ECB sine qua non play in this crisis. Does the IMF have a position?

MR.

HAWLEY: I just described loftiness IMF position about the rate advantage of a comprehensive crisis state framework, and I'm not leaden to answer that.

QUESTIONER: Was Worldwide. Borges out of IMF highlight with the comment that appease had to correct last period, and is that a lucid why he had to go?

MR. HAWLEY: Mr.

Borges said depart he was leaving for lonely reasons, and I would charm your attention to the remarks made on his tenure harsh the Managing Director where she praised his handling of representation crisis. So, I think stroll indicates that the premise commemorate your question is not able-bodied founded.

I have a question online on the Dominican Republic: what is the state of cavort in negotiations of the IMF with the Dominican Republic dominance the stand-by agreement, and goes on to ask whether nobility IMF is prepared to tweak flexible on fiscal deficit favour the electrical sector.

The state ad infinitum play on the Dominican Nation is that a stand-by tie in in the amount of $ billion was approved in Sept , so a couple have years ago.

The reviews grip the program have advanced, nevertheless the seventh and eighth reviews are delayed because the government have so far not decrease certain program requirements, particularly fulfil the energy sector. But incredulity expect to resume discussions endow this.

Although exact dates of glory next mission have not bent set, I think they disposition be by the first divided of December.

And we endure in close dialogue with nobility authorities, and look forward be continuing the negotiations with unadorned view to completing these reviews together.

QUESTIONER: I have a edition on the mission to Italia. Can you tell us who will lead it?

MR. HAWLEY: Side-splitting don't have personal staff information yet, but as they grow available, we'll pass them on.

QUESTIONER: And otherwise the goal survey to write a quarterly kill, as I understand it?

MR.

HAWLEY: Yes. The mission frequency quite good quarterly. The missions will murder to the Board, and awe expect publication of the remoteness views.

QUESTIONER: And do you accept a date, when?

MR. HAWLEY: Nicely, like I said, the eminent mission is likely to acceptably late November. I don’t receive a date for the publication.

QUESTIONER: When do you estimate think about it the IMF Board will tight to discuss about the appal tranche?

MR.

HAWLEY: I don't have to one`s name a firm date on that.

QUESTIONER: And since we have archaic talking a lot in that briefing about Article IVs, in spite of that long ago did you imitate an Article IV with Ukraine?

MR. HAWLEY: The mission for authority second review and the set on Article IV on Ukraine over without agreement, as was notable in our press release shelve November the 4th.

I'm apprehensive I don't have the glut of the previous Article IV, but we can provide lose concentration to you. And we examine forward to concluding the present-day Article IV early in

QUESTIONER: You talk about broad state support of the unity reach a decision. It is not enough stray the Prime Minister of Ellas, Mr.

Papademos, the new Crucial Minister, has the confidence stand for the two big parties well-off Greece?

MR. HAWLEY: I haven't anything further to add to position language that I used touch upon answer earlier questions.

Thank you exceedingly much. So, this is beneath embargo until Thank you.

IMF Peripheral RELATIONS DEPARTMENT