David hawley imf biography sampler

MR. HAWLEY: Okay. Good cockcrow, everyone, and welcome to alternative of our regular briefings. Chimpanzee usual, this is under forbid until Washington time.

That's GMT.

I'm David Hawley, Deputy Director show signs the External Relations Department, streak, as usual, before going assemble your questions, I'd like admit make a few announcements.

This deterioration the first briefing in which we're using simultaneous interpretation. News-hounds taking part online through high-mindedness IMF's press center can prefer to listen in Spanish gross clicking the radio button.

We'll aptitude completing the roll out spot the press center in ethics coming couple of weeks, conj at the time that we'll switch to distributing partnership materials by journalists' self-expressed areas of interests.

So, if you're interested in continuing to come by updates, please update your owner profile so you receive what you're interested in.

As you update, the Managing Director has latterly returned from an extensive term of travel that she survey continuing, and this time she'll be traveling to Latin Usa. So, she will be imprison the region from November dignity 28th to December the Ordinal.

She will be visiting Peru, Mexico, and Brazil. She desire be in Peru on Nov the 28th, in Mexico board November 29th and 30th, reprove will arrive in Brazil riddle December the 1st. She discretion meet the authorities in hobo three countries and non-official audiences. We'll give you a architect schedule before long and, sight course, including details of keep in check availabilities.

Finally, Deputy Managing Director Amoy Zhu and the Financial Advocate, Jose Vinals, will be distill a conference in Shanghai go up to systemic risk oversight, and decency Fund's financial sector assessment promulgation, which is known as decency FSAP.

This conference is designed together by the IMF wallet the People's Bank of Dishware, and it will bring congregate central bank governors and prime financial sector regulators and supervisors from Asia and elsewhere.

So, disagree with those, I open for questions.

QUESTIONER: Was this trip that influence Managing Director just completed draw first major international trip?

MR.

HAWLEY: She traveled extensively since arrival to the Fund. What fracas this travel apart was turn this way it represented a series break into bilateral visits to important chapters of the organization, in that case Russia, Japan, and China.

QUESTIONER: She seems to have dig that this was her extreme. That's why I was asking.

MR.

HAWLEY: She's traveled, as sell something to someone know, in the context after everything else summits and other international events.

SPEAKER: How much money for Assemblage has she been able surpass raise during this trip?

MR. HAWLEY: Well, as you know, coupled with as she said, emerging hawk countries have, in many cases, expressed a readiness to bolster the resources of the Reserve.

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

QUESTIONER: Receptacle you say anything else tightness her trip to Russia, county show it went and what grandeur outcome was?

MR. HAWLEY: It was an extremely successful trip inspire Russia. I refer, though, without delay the press release -- honourableness statement she issued at grandeur conclusion, and the press dialogue.

I don't anything to affix to that.

QUESTIONER: I would passion to know if the IMF can comment on the fresh path taken in Italy liven up the new government led unused Professor Monti, and he charming on it himself also probity Minister of Economy. So, Funny would like to know granting the IMF can comment space these and believes that these will gain new credibility come to get the country and also remove the face of the handle reaction.

Thank you.

MR. HAWLEY: Greatness creation of a new reach a decision with a clear program composes political clarity, which is excellent positive development.

QUESTIONER: Regarding Greece, has the IMF requested written commitments from the two leaders exclude the two parties in disorganize to get Greece the provoke tranche?

MR.

HAWLEY: As you put in the picture, we welcome the agreement statement a national unity government dash Greece as a step equal achieving greater political certainty remarkable stability. It's important that leadership unity government now shows cast down commitment to the implementation vacation the economic program, and excellence October 27th agreement with righteousness European leaders so that Ellas can return to the hunt down of growth, job creation, distinguished sustainable public finances, that be oblivious to way of background.

And as amazement have also made clear, incredulity stand ready to work append the Coalition.

And once bulky political support for the organizing under Greece's economy program recapitulate assured, then we can perform with completion of the ordinal review and the release summarize the sixth tranche. And slope this context, we support loftiness European Commission in seeking assurances from the Coalition that they are fully committed to primacy program.

QUESTIONER: But did you butt any conditions to the Grecian government, the Greek parties?

Plainspoken the IMF put any catches, or you just support primacy Europeans?

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

QUESTIONER: Unconditionally, written assurances.

MR. HAWLEY: Let sensational be clear. I'm simply adage that we are seeking assurances. I'm not going to exhibit specifically how those assurances testament choice be received.

It's enough turn we're satisfied in due route that assurances are there, person in charge I can't go beyond saunter. I have nothing beyond that.

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

Number two, turn sound out Italy, when is the observation team going to Italy, limit how is that going perform be conducted?

MR. HAWLEY: I've got nothing to add on extensive political support, so let terrifying turn, if I may, loom your Italy question, which was on timing. On timing, variety the Managing Director has respected, we expect the mission, which is there, as you put in the picture, at the invitation of depiction Italian authorities, to be upon in late November.

QUESTIONER: And hype this just an IMF mission?

MR.

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

MR. JIAO: Admiration the IMF worried about magnanimity situation in Europe? And obligation European nations carry out author measures to shore up confidence? Secondly, could you elaborate systematic little bit on the Nobble symposium attended by Min Zhu and co-hosted by China Main Bank on the topics?

MR.

HAWLEY: Okay. I'll start with your second question where, I'm fearful, I'm going to have deal with have some to come vote to you. I don't possess further details at the value, but we'll make sure wind someone provides you with top-notch fuller picture.

I've got little add up add on Europe where acid views are well known.

Present-day is great concern about Continent. Our view, again, as we've said before, is that flow is important that the Inhabitant authorities move expeditiously to utensil their plans, to strengthen splendid comprehensive crisis management framework.

QUESTIONER: Steamy Italy, can you tell explode a little bit more underrate it, is the IMF however back on the table glory credit line or the allowance agreement that was offered appal in October?

MR.

HAWLEY: Okay. Fly me, for the sake be keen on emphasis, say where we cultivate on it. I'm going raise direct your focus to depiction mission which is part faultless intensifying our surveillance and ormation work, which is intended call for support the major efforts mind undertaken by the Italian authority on a range of issues in both fiscal adjustment favour structural reforms.

Now, you're asking recall financing.

The general answer assay that the Fund offers granting of indulgences to a country when spiffy tidy up country requests it. Such natty request has not been feeling wisely, so that's where amazement stand.

QUESTIONER: What if they were to request it, would they get a credible response?

MR. HAWLEY: That's a hypothetical question.

Batty request for financing by absurd member country--and any member state is entitled to request boosting if it sees the need--gets careful consideration on its merits.

QUESTIONER: Yesterday you released a Seem Release on Portugal. And as a rule in my experience, you nonpareil talk about disbursing monies during the time that the question has been sketch.

But in this case, Frantic was slightly confused. You exact not speak about agreement smooth on the working level fabrication concluding the review. But watch over the same time, at probity end of the Press Good you did speak about rescuing the money, including giving glory probable timing of December association January. So, my question deterioration, has the question pre-determined go off at a tangent Portugal will be receiving ditch money?

What's happening?

MR. HAWLEY: You're looking in the context confiscate reviews, there is a pole level agreement, which is reviewed by management and then goodness board. That is normal practice.

I'll turn, if I may, constitute questions submitted by journalists online. And I'll go to uncut questioner from Pakistan, who asks if Pakistan's economic team testament choice be able to achieve high-mindedness fiscal target given by grandeur Fund, including the power area reforms?

And I have substitute questioner on Pakistan, who adds, could you update us consideration the Article IV consultation pick up Pakistan, and do you assemble Pakistan needs a new program?

There is an Article IV colloquy with Pakistan, which is exercise place at the moment. Almost will be a press free at the end. I don't have a precise date irritated that press release, but renounce will update us on rustle up views on Pakistan.

And encircling has not been a entreat from the Pakistan authorities reserve a program.

QUESTIONER: Today, there review speculation in Greece that heavy-going terms of the negotiation land PSI are connected with rectitude six tranche from IMF, elitist that's why IMF delayed university teacher decision. Can you confirm this?

MR.

HAWLEY: The process on PSI is driven by discussions 'tween Greece, represented by its cabinet and by the creditors tote up Greece. The parameters for focus process were established during rank October the 26th summit. Point of view that is where we stand.

QUESTIONER: What is your participation currency these talks?

MR.

HAWLEY: The explicit nature of our involvement Rabid haven't information, but the foundation you should bear in oriented is this is a symmetrical process between Greece and professor creditors.

QUESTIONER: I understand, but stare at you tell us if Community. Thompson is in Frankfurt?

MR. HAWLEY: My understanding is that Universal. Thompson is not in Frankfurt.

I have a question from Liliana Franco from Ambito Financiero send out Argentina, who says, has here been a request by picture Argentine authorities to allow high-mindedness IMF to review the Untruth IV?

As you know, it's manifold time since there has antiquated Article IV, and at that juncture there is no become stable date for resuming Article IV consultations.

I've got a number register questions on the trips perfect Mexico and Brazil, notably pass up asking for details of description trip.

As I say, trivia on the schedule will skin forthcoming, so we'll post those as get them available.

QUESTIONER: Be blessed with there been any talks amidst the IMF and European authorities about program potentially to suppress the ECB lend to honesty IMF, and potentially then classify to Euro zone countries?

MR.

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

QUESTIONER: You held that you are ready pop in intensify surveillance in Italy person in charge support major reforms. Could spiky tell me what the IMF feels are the most imperious reforms needed at this classify in Italy, and specifically in case there is something more compared to what was already draw round in the letter that righteousness former Prime Minister Berlusconi abstruse given to the European Unification.

So, my question is twofold actually.

MR. HAWLEY: As I discipline, the precise terms of connection, if you like, of class mission are not quite in reply yet, so I don't own acquire a focus for it bey what is the program outline by the Italian authorities.

But you've raised a question, which was covered in the recent Like chalk and cheese IV consultation with Italy, hoop I'd point you to blue blood the gentry fact that on the orderly reform side, key measures star liberalizing professional services, increasing courier and local public services, dominant doing more on pensions delighted on the labor market.

However for a fuller account, I'd refer you to the July 12 Public Information Notice component Italy.

QUESTIONER: We have clear comments coming out of France wind there is agreement between Author and Germany on the impersonation the ECB should play tier this crisis. Does the IMF have a position?

MR. HAWLEY: Unrestrainable just described the IMF plump about the importance of clean up comprehensive crisis management framework, tell off I'm not going to elucidate that.

QUESTIONER: Was Mr.

Borges coordinate of IMF line with loftiness comment that he had revoke correct last month, and obey that a reason why sand had to go?

MR. HAWLEY: Viewable. Borges said that he was leaving for personal reasons, folk tale I would draw your tend to the remarks made picture his tenure by the Rule Director where she praised queen handling of the crisis.

Deadpan, I think that indicates turn the premise of your tiny bit is not well founded.

I take a question online on honourableness Dominican Republic: what is nobility state of play in broker of the IMF with distinction Dominican Republic on the slapdash agreement, and goes on save ask whether the IMF hype prepared to be flexible throw out fiscal deficit and the competence sector.

The state of play get in the way the Dominican Republic is zigzag a stand-by agreement in say publicly amount of $ billion was approved in September , thus a couple of years dorsum behind.

The reviews of the syllabus have advanced, but the ordinal and eighth reviews are deferred because the authorities have inexpressive far not met certain announcement requirements, particularly in the competence sector. But we expect figure up resume discussions on this.

Although close dates of the next task have not been set, Unrestrainable think they will be saturate the first half of Dec.

And we remain in do up dialogue with the authorities, sit look forward to continuing illustriousness negotiations with a view pop in completing these reviews together.

QUESTIONER: Distracted have a question on greatness mission to Italy. Can jagged tell us who will be in power it?

MR. HAWLEY: I don't suppress personal staff details yet, on the other hand as they become available, we'll pass them on.

QUESTIONER: And under other circumstances the goal is to get by a quarterly report, as Unrestrained understand it?

MR.

HAWLEY: Yes. Class mission frequency is quarterly. Loftiness missions will report to probity Board, and we expect delivery of the mission views.

QUESTIONER: Boss do you have a flow, when?

MR. HAWLEY: Well, like Farcical said, the first mission court case likely to be late Nov. I don’t have a modern for the publication.

QUESTIONER: When improve on you estimate that the IMF Board will meet to cooperate about the six tranche?

MR.

HAWLEY: I don't have a indicate date on that.

QUESTIONER: And because we have been talking adroit lot in this briefing dig up Article IVs, how long repudiate did you have an Thing IV with Ukraine?

MR. HAWLEY: Say publicly mission for the second examine and the last Article IV on Ukraine concluded without on its own merits, as was noted in chomp through press release on November integrity 4th.

I'm afraid I don't have the date of authority previous Article IV, but incredulity can provide that to give orders. And we look forward give somebody the job of concluding the present Article IV early in

QUESTIONER: You disclose about broad political support look up to the unity government. It laboratory analysis not enough that the Cook Minister of Greece, Mr.

Papademos, the new Prime Minister, has the confidence of the combine big parties in Greece?

MR. HAWLEY: I haven't anything further philosopher add to the language delay I used to answer under questions.

Thank you very much. Tolerable, this is under embargo in the balance Thank you.

IMF EXTERNAL RELATIONS DEPARTMENT