(4 Oct 2004) SHOTLIST
1. Wide shot of International Monetary Fund (IMF) presser
2. Media cutaway, pan to panel
3. SOUNDBITE (English) Rodrigo Rato, IMF Managing Director:
"This is a strong moment of the world economy in 2004 followed by a promising year in 2005. The world has become more resilient to external shocks, and that is explained by the strengthening of macro-economic policy and also by the role of the two institutions (IMF and World Bank) helping governments to strengthen their macro-economic and micro-economic policies."
4. Wide shot of the panel

STORYLINE:

The world's economic powers, which ended three days of meetings in Washington on Sunday, insisted they're moving closer to a deal on debt relief for Iraq and other poor nations, even though an agreement has proved elusive.

Despite failing to settle differences on the issue, financial officials did join in urging oil producers to boost supplies and help moderate prices, which have climbed to more than 50 US dollars a barrel.

Rodrigo Rato, the IMF's Managing Director, said the outlook for the global economy remained quite good, with growth estimated by the IMF to clock in at five percent this year - the best showing in three decades.

Representatives attending the weekend meetings of the IMF and World Bank, as well as Friday's gathering of the Group of Seven countries, again urged all nations to move towards flexible currency policies.

That was an appeal for China to drop its system, which American manufacturers claim contributes to huge US trade deficits and the loss of
US factory jobs.

On debt forgiveness for poor countries, the administration has a plan that essentially would mean the poorest countries wouldn't have to repay existing loans. New loans, though, would be cut by the amount of increased debt forgiveness those countries received.

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