{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='President Hollande meets heads of World Bank, IMF and WTO' data-url='/boclips/videos/5c54bb11d8eafeecae12240e' data-video-url='/boclips/videos/5c54bb11d8eafeecae12240e' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nPresident Hollande meets heads of World Bank, IMF and WTO\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThe head of the International Monetary Fund said on Friday market turmoil this week may have been an \"over-reaction,\" as leading economic figures met in Paris to discuss the global economy and worries about another recession in...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThe head of the International Monetary Fund said on Friday market turmoil this week may have been an \"over-reaction,\" as leading economic figures met in Paris to discuss the global economy and worries about another recession in Europe.\u003cbr/\u003eChristine Lagarde described the week as a \"correction on the markets, and perhaps at this stage, an over-reaction.\"\u003cbr/\u003eReforms in France were also on the agenda at Friday's meeting at the Organisation for Economic Co-operation and Development (OECD) headquarters in the French capital.\u003cbr/\u003eThe OECD praised the French government's latest economic plan, especially 30 (b) billion euros (38.5 (b) billion US dollars) in tax cuts for companies, and said it could boost growth by 0.3 points per year over the next five years - if it's implemented quickly and deepened.\u003cbr/\u003eFrench President Francois Hollande acknowledged it would take several years for the reforms to boost the French economic growth.\u003cbr/\u003eMeanwhile Head of World Bank Jim Yong Kim criticised the world's response to the Ebola outbreak.\u003cbr/\u003eKim said the spread of the deadly virus would negatively impact the world economy and that it has taken too long for the international community to work toward containing it at source.\u003cbr/\u003eHe praised the US, the UK and France for their efforts in sending health care workers to West Africa and said it was \"worrisome\" other countries are \"thinking only about their borders\" rather than trying to contain Ebola at source. \u003cbr/\u003eParis - 17 October 2014\u003cbr/\u003e1. Exterior of Organisation for Economic Cooperation and Development (OECD) building\u003cbr/\u003e2. Various of family photo with French President Francois Hollande and heads of international economic organisations \u003cbr/\u003e3. Head of International Labour Organisation Guy Rider (left) and International Monetary Fund chief Christine Lagarde \u003cbr/\u003e4. SOUNDBITE (French) Angel Gurria, Secretary General of the Organisation for Economic Cooperation and Development:    \u003cbr/\u003e\"We consider that these reforms, if they are implemented to the end, could increase the potential growth of one additional quarter over the next five years and of of a third over ten years. This would represent an increase of about 0.3 points per year over five years and get to around 0.4 points per year over ten years.\" \u003cbr/\u003e5. Head of World Bank Jim Yong Kim (left) and head of the World Trade Organisation Roberto Azevedo \u003cbr/\u003e6. SOUNDBITE (French) Francois Hollande, French President :    \u003cbr/\u003e\"The OECD has just performed a difficult exercise which was to evaluate what the impact of those reforms would be. I look at those figures very cautiously even if it gives a meaning to what we are doing. It is true that thanks to those reforms, those that have been engaged, those that have been announced - and some haven't been taken into account - we can have more growth and it's true that, politically, we will have to wait several years for it to have an impact.\" \u003cbr/\u003e7. Audience listening\u003cbr/\u003e8. SOUNDBITE (French) Christine Lagarde, International Monetary Fund chief:\u003cbr/\u003e\"Usually the International Monetary Fund does not comment market variations especially at a very short term. But considering the variations that we have seen in the last few days we can't but think that we are facing a market correction and maybe - at least at this stage - of an over-reaction.\" \u003cbr/\u003e9. Panel during news conference \u003cbr/\u003e10. SOUNDBITE (English) Jim Yong Kim, Head of World Bank:\u003cbr/\u003e\"I am very grateful to the governments of the United States, UK and France for stepping up and taking responsibility, but I still don't think that the world has understood what the possible downside risk is, not just to the West African economy, but to the global economy and we are still losing the battle (against Ebola). Despite great efforts, we started so late, that it is going to take another great push and right now the conversation is going in a direction that is extremely worrisome, individual countries thinking only about their borders and not thinking enough like the UK, US and France about stopping the outbreak where it lies.\" \u003cbr/\u003e11. 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