Minister Donohoe will travel to Washington, DC to represent the Eurogroup at the Annual Meetings of the IMF and World Bank Group
From Department of Public Expenditure, NDP Delivery and Reform
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From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe, will travel to Washington D.C. today (23 October) to represent the euro area at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.
Minister Donohoe will participate in the G7 Finance Ministers' and Central Bank Governors' meeting, as well as in a series of key discussions during the IMF and World Bank meetings. Main topics on the agenda include the global economic outlook, financial stability, support for Ukraine, the implications of Artificial Intelligence, and sustainable development.
During his visit, Minister Donohoe will engage in a series of bilateral meetings with senior officials from international organisations, global business leaders and international partners. He will also participate in media engagements to highlight the European economic and financial policy agenda.
Speaking ahead of his visit, Minister Donohoe said:
"I look forward to engaging with our international partners at the IMF/World Bank Annual Meetings and the G7 Finance Ministers' and Central Bank Governors' meetings. The global economy is at a delicate juncture and while we have made important strides in addressing inflation, challenges remain. Economic activity in the euro area has shown resilience despite recent signs of softening in a difficult external environment.
“Returning to higher levels of growth and enhancing our competitiveness over the medium term are key objectives guiding our discussions and policy decisions. We are making significant progress, including the implementation of the new fiscal framework, advancing the Capital Markets Union agenda and coordinating economic policies to ensure stability and sustainable growth in the euro area."