{
  "title": "Statement by Christine Lagarde on the U.K. Referendum",
  "publication": "IMF News, June 24, 2016",
  "sourceUrl": "https://www.imf.org/en/news/articles/2016/07/05/13/52/pr16303-statement-by-christine-lagarde-on-the-uk-referendum",
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  "summary": "\"We take note of the decision by the people of the United Kingdom.\"",
  "publishDate": "2016-06-24",
  "sections": [
    {
      "heading": "Key messages from Ms. Christine Lagarde",
      "content": "- \"We take note of the decision by the people of the United Kingdom.\"\n- \"We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process.\"\n- \"We strongly support commitments of the Bank of England and the ECB to supply liquidity to the banking system and curtail excess financial volatility.\"\n- \"We will continue to monitor developments closely and stand ready to support our members as needed.\""
    },
    {
      "heading": "Policy recommendations and actions",
      "content": "- Urge collaborative work between U.K. and European authorities to:\n  - Ensure a smooth transition to a new economic relationship between the U.K. and the EU.\n  - Clarify the procedures and broad objectives that will guide the transition process.\n- Support central bank measures to:\n  - Supply liquidity to the banking system (as committed by the Bank of England and the ECB).\n  - Curtail excess financial volatility.\n- IMF stance:\n  - Continue close monitoring of developments.\n  - Stand ready to support IMF members as needed.\n\nStatement by Christine Lagarde on the U.K. Referendum — Press Release No. 16/303, June 24, 2016.\n\n---\n\n\n References\n\n- United Kingdom and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2016/07/05/13/52/pr16303-statement-by-christine-lagarde-on-the-uk-referendum"
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    "Published: June 24, 2016",
    "\"We take note of the decision by the people of the United Kingdom.\"",
    "\"We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process.\"",
    "\"We strongly support commitments of the Bank of England and the ECB to supply liquidity to the banking system and curtail excess financial volatility.\"",
    "\"We will continue to monitor developments closely and stand ready to support our members as needed.\"",
    "Urge collaborative work between U.K. and European authorities to:",
    "Support central bank measures to:",
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    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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