Press Release: Statement by IMF Managing Director Christine Lagarde on the BRICS Summit
IMF News, July 16, 2014
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- Press Release: Statement by IMF Managing Director Christine Lagarde on the BRICS Summit
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Bibliographic details
- Published: July 16, 2014
Press release metadata
- Press Release No.: 14/349
- Date: July 16, 2014
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- Contact: E-mail: media@imf.org; Phone: 202-623-7100
Key messages and findings
- Christine Lagarde conveyed congratulations to President Dilma Rousseff on hosting the BRICS leaders meeting in Fortaleza, Brazil.
- Recognition of the establishment of the Contingent Reserve Arrangement.
- The IMF expressed willingness to assist:
- “IMF staff would be delighted to work with the BRICS team dedicated to this project with a view to reinforcing the cooperation among all parts of the international safety net intended to preserve financial stability in the world.”
- Statement on relationships:
- “The IMF has a very strong relationship with all the BRICS nations, which are key members of this institution. We look forward to further strengthening our collaboration.”
Policy engagement and operational intent
- Offer of operational collaboration:
- IMF staff are prepared to work directly with the BRICS team focused on the Contingent Reserve Arrangement.
- Objective of engagement:
- Reinforce cooperation among all parts of the international safety net.
- Preserve financial stability in the world.
Direct quotations (verbatim)
- “I would like to congratulate you on hosting a successful meeting of the BRICS leaders in Fortaleza, Brazil, and especially on establishing the Contingent Reserve Arrangement."
- “IMF staff would be delighted to work with the BRICS team dedicated to this project with a view to reinforcing the cooperation among all parts of the international safety net intended to preserve financial stability in the world."
- “The IMF has a very strong relationship with all the BRICS nations, which are key members of this institution. We look forward to further strengthening our collaboration.”
Press Release No. 14/349 — Statement by IMF Managing Director Christine Lagarde on the BRICS Summit (July 16, 2014).