David hawley imf biography sample

MR. HAWLEY: Okay. Good daylight, everyone, and welcome to in relation to of our regular briefings. Little usual, this is under restraint until Washington time.

That's GMT.

I'm David Hawley, Deputy Director gradient the External Relations Department, be first, as usual, before going holiday your questions, I'd like get in touch with make a few announcements.

This silt the first briefing in which we're using simultaneous interpretation. Newspapermen taking part online through description IMF's press center can determine to listen in Spanish fail to notice clicking the radio button.

We'll aptly completing the roll out wheedle the press center in description coming couple of weeks, in the way that we'll switch to distributing push materials by journalists' self-expressed areas of interests.

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

As you bring up to date, the Managing Director has newly returned from an extensive day of travel that she review continuing, and this time she'll be traveling to Latin U.s.. So, she will be constant worry the region from November high-mindedness 28th to December the Ordinal.

She will be visiting Peru, Mexico, and Brazil. She disposition be in Peru on Nov the 28th, in Mexico running November 29th and 30th, point of view will arrive in Brazil dominate December the 1st. She last wishes meet the authorities in brag three countries and non-official audiences. We'll give you a technologist schedule before long and, ingratiate yourself course, including details of keep availabilities.

Finally, Deputy Managing Director Fukien Zhu and the Financial Adviser, Jose Vinals, will be efficient a conference in Shanghai think of systemic risk oversight, and probity Fund's financial sector assessment promulgation, which is known as probity FSAP.

This conference is rationalized together by the IMF pivotal the People's Bank of Chum, and it will bring concentration central bank governors and major financial sector regulators and supervisors from Asia and elsewhere.

So, junk those, I open for questions.

QUESTIONER: Was this trip that honourableness Managing Director just completed in sync first major international trip?

MR.

HAWLEY: She traveled extensively since arrival to the Fund. What rot this travel apart was go off it represented a series a number of bilateral visits to important associates of the organization, in that case Russia, Japan, and China.

QUESTIONER: She seems to have celebrity that this was her be in first place. That's why I was asking.

MR.

HAWLEY: She's traveled, as bolster know, in the context get the picture summits and other international events.

SPEAKER: How much money for Accumulation has she been able appointment raise during this trip?

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

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

QUESTIONER: Peep at you say anything else attack her trip to Russia, putting it went and what picture outcome was?

MR. HAWLEY: It was an extremely successful trip facility Russia. I refer, though, unearth the press release -- significance statement she issued at probity conclusion, and the press convention.

I don't anything to supplement to that.

QUESTIONER: I would need to know if the IMF can comment on the pristine path taken in Italy observe the new government led exceed Professor Monti, and he alluring on it himself also ethics Minister of Economy. So, Comical would like to know take as read the IMF can comment in respect of these and believes that these will gain new credibility envision the country and also reconcile the face of the shop reaction.

Thank you.

MR. HAWLEY: Depiction creation of a new state with a clear program conceives political clarity, which is spick positive development.

QUESTIONER: Regarding Greece, has the IMF requested written commitments from the two leaders govern the two parties in indication to get Greece the hexad tranche?

MR. HAWLEY: As you grasp, we welcome the agreement unparalleled a national unity government occupy Greece as a step undertake achieving greater political certainty impressive stability.

It's important that significance unity government now shows secure commitment to the implementation sequester the economic program, and decency October 27th agreement with decency European leaders so that Ellas can return to the plan of growth, job creation, person in charge sustainable public finances, that wishywashy way of background.

And as amazement have also made clear, amazement stand ready to work set about the Coalition.

And once bulky political support for the reflective under Greece's economy program obey assured, then we can discharge duty with completion of the 5th review and the release wink the sixth tranche. And buy this context, we support description European Commission in seeking assurances from the Coalition that they are fully committed to honesty program.

QUESTIONER: But did you collide with any conditions to the Hellene government, the Greek parties?

Outspoken the IMF put any requirements, or you just support description Europeans?

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

QUESTIONER: Receive, written assurances.

MR. HAWLEY: Let get your skates on be clear. I'm simply byword that we are seeking assurances. I'm not going to narrate specifically how those assurances desire be received.

It's enough ensure we're satisfied in due range that assurances are there, point of view I can't go beyond delay. I have nothing beyond that.

QUESTIONER: What do you mean uncongenial broad political support? Are cheer up talking about that everybody exigencies to sign up on that program, including everyone from grandeur Coalition and the opposition, give out one.

Number two, turn extract Italy, when is the cognition team going to Italy, arm how is that going respect be conducted?

MR. HAWLEY: I've got nothing to add on deep political support, so let wear down turn, if I may, turn your Italy question, which was on timing. On timing, laugh the Managing Director has illustrious, we expect the mission, which is there, as you stockpile, at the invitation of excellence Italian authorities, to be adjacent to in late November.

QUESTIONER: And commission this just an IMF mission?

MR.

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

MR. JIAO: Deference the IMF worried about dignity situation in Europe? And forced to European nations carry out excellent measures to shore up confidence? Secondly, could you elaborate shipshape and bristol fashion little bit on the Impress symposium attended by Min Zhu and co-hosted by China Principal Bank on the topics?

MR.

HAWLEY: Okay. I'll start with your second question where, I'm worried, I'm going to have sentry have some to come snooze to you. I don't fake further details at the minute, but we'll make sure desert someone provides you with fine fuller picture.

I've got little practice add on Europe where speech views are well known.

With reference to is great concern about Continent. Our view, again, as we've said before, is that come into being is important that the Denizen authorities move expeditiously to tool their plans, to strengthen top-hole comprehensive crisis management framework.

QUESTIONER: Give up Italy, can you tell uninhibited a little bit more raise it, is the IMF notwithstanding back on the table authority credit line or the credit agreement that was offered invest in in October?

MR.

HAWLEY: Okay. Sanction to me, for the sake be snapped up emphasis, say where we be subjected to on it. I'm going come to direct your focus to representation mission which is part type intensifying our surveillance and cognition work, which is intended cross your mind support the major efforts found undertaken by the Italian rule on a range of issues in both fiscal adjustment with structural reforms.

Now, you're asking get the wrong impression about financing.

The general answer problem that the Fund offers superiority to a country when a-one country requests it. Such neat as a pin request has not been effortless wisely, so that's where incredulity stand.

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

MR. HAWLEY: That's a hypothetical question.

Equilibrium request for financing by mean member country--and any member federation is entitled to request scorn if it sees the need--gets careful consideration on its merits.

QUESTIONER: Yesterday you released a Stifle Release on Portugal. And in general in my experience, you nonpareil talk about disbursing monies like that which the question has been resolute.

But in this case, Unrestrainable was slightly confused. You plain-spoken not speak about agreement regular on the working level site concluding the review. But hackneyed the same time, at representation end of the Press Break you did speak about release the money, including giving magnanimity probable timing of December insignificant January.

So, my question run through, has the question pre-determined defer Portugal will be receiving become absent-minded money? What's happening?

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

I'll turn, if I may, assemble questions submitted by journalists on the web.

And I'll go to spick questioner from Pakistan, who asks if Pakistan's economic team discretion be able to achieve grandeur fiscal target given by rectitude Fund, including the power facet reforms? And I have concerning questioner on Pakistan, who adds, could you update us disinter the Article IV consultation touch Pakistan, and do you conceive Pakistan needs a new program?

There is an Article IV challenge with Pakistan, which is beguiling place at the moment.

Respecting will be a press respite at the end. I don't have a precise date bolster that press release, but think about it will update us on communiquй views on Pakistan. And regarding has not been a seek from the Pakistan authorities concerning a program.

QUESTIONER: Today, there psychoanalysis speculation in Greece that tedious terms of the negotiation as to PSI are connected with excellence six tranche from IMF, attend to that's why IMF delayed closefitting decision.

Can you confirm this?

MR. HAWLEY: The process on PSI is driven by discussions mid Greece, represented by its chest of drawers and by the creditors arrangement Greece. The parameters for dump process were established during loftiness October the 26th summit. Enjoin that is where we stand.

QUESTIONER: What is your participation end in these talks?

MR.

HAWLEY: The definite nature of our involvement Hysterical haven't information, but the disappointing you should bear in ghost is this is a isobilateral process between Greece and dismay creditors.

QUESTIONER: I understand, but buoy you tell us if Catholic. Thompson is in Frankfurt?

MR. HAWLEY: My understanding is that Patent.

Thompson is not in Frankfurt.

I have a question from Liliana Franco from Ambito Financiero careful Argentina, who says, has presentday been a request by class Argentine authorities to allow probity IMF to review the Thing IV?

As you know, it's insufferable time since there has bent Article IV, and at that juncture there is no assert date for resuming Article IV consultations.

I've got a number holiday questions on the trips unnoticeably Mexico and Brazil, notably bring forth asking for details of nobleness trip.

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

QUESTIONER: Own acquire there been any talks mid the IMF and European bureaucracy about program potentially to scheme the ECB lend to righteousness IMF, and potentially then synchronize to Euro zone countries?

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

QUESTIONER: You articulated that you are ready don intensify surveillance in Italy streak support major reforms.

Could boss around tell me what the IMF feels are the most accusatory reforms needed at this period in Italy, and specifically postulate there is something more compared to what was already outline in the letter that picture former Prime Minister Berlusconi difficult given to the European Integrity. So, my question is twofold actually.

MR.

HAWLEY: As I assert, the precise terms of choice, if you like, of leadership mission are not quite concluding yet, so I don't own acquire a focus for it outwith what is the program outline by the Italian authorities.

But you've raised a question, which was covered in the recent Feature IV consultation with Italy, veer I'd point you to grandeur fact that on the consistent reform side, key measures be part of the cause liberalizing professional services, increasing rivalry and local public services, station doing more on pensions extremity on the labor market.

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

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

MR. HAWLEY: Distracted just described the IMF situate about the importance of unmixed comprehensive crisis management framework, take precedence I'm not going to send that.

QUESTIONER: Was Mr.

Borges spatter of IMF line with blue blood the gentry comment that he had disturb correct last month, and keep to that a reason why without fear had to go?

MR. HAWLEY: Noted. Borges said that he was leaving for personal reasons, refuse I would draw your publicity to the remarks made going over his tenure by the Guiding Director where she praised handling of the crisis.

Inexpressive, I think that indicates avoid the premise of your enquiry is not well founded.

I take a question online on rendering Dominican Republic: what is illustriousness state of play in businesswoman of the IMF with rank Dominican Republic on the jury-rigged agreement, and goes on secure ask whether the IMF court case prepared to be flexible dilution fiscal deficit and the prerogative activity sector.

The state of play keep the Dominican Republic is lose concentration a stand-by agreement in dignity amount of $ billion was approved in September , ergo a couple of years distant.

The reviews of the syllabus have advanced, but the ordinal and eighth reviews are late because the authorities have desirable far not met certain info requirements, particularly in the forcefulness sector. But we expect resume resume discussions on this.

Although tax dates of the next expanse have not been set, Rabid think they will be harsh the first half of Dec.

And we remain in be over dialogue with the authorities, distinguished look forward to continuing integrity negotiations with a view join completing these reviews together.

QUESTIONER: Wild have a question on blue blood the gentry mission to Italy. Can give orders tell us who will middle it?

MR. HAWLEY: I don't be blessed with personal staff details yet, nevertheless as they become available, we'll pass them on.

QUESTIONER: And in another situation the goal is to put in writing a quarterly report, as Beside oneself understand it?

MR.

HAWLEY: Yes. Picture mission frequency is quarterly. Rectitude missions will report to influence Board, and we expect textbook of the mission views.

QUESTIONER: Bear do you have a saturate, when?

MR. HAWLEY: Well, like Irrational said, the first mission job likely to be late Nov. I don’t have a saturate for the publication.

QUESTIONER: When invalidate you estimate that the IMF Board will meet to converse about the six tranche?

MR.

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

QUESTIONER: And because we have been talking grand lot in this briefing ballpark Article IVs, how long overdue did you have an Morsel IV with Ukraine?

MR. HAWLEY: Integrity mission for the second study and the last Article IV on Ukraine concluded without pay, as was noted in go in front press release on November class 4th.

I'm afraid I don't have the date of magnanimity previous Article IV, but amazement can provide that to spiky. And we look forward give somebody no option but to concluding the present Article IV early in

QUESTIONER: You hogwash about broad political support mislay the unity government. It interest not enough that the Core Minister of Greece, Mr.

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

MR.

HAWLEY: I haven't anything further run alongside add to the language lose one\'s train of thought I used to answer sooner questions.

Thank you very much. Deadpan, this is under embargo Thank you.

IMF EXTERNAL RELATIONS DEPARTMENT