President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery, and Reform, Paschal Donohoe, will travel today, 16 April, to Washington D.C. to attend the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group and represent the euro area.
As President of the Eurogroup, Minister Donohoe will participate in the G7 Finance Ministers’ and Central Bank Governors’ meeting as well as in a range of IMF and World Bank meetings. The main topics of discussion will include the outlook for the global economy, global financial stability, support for Ukraine, poverty reduction, climate transition, and sustainable development.
Over the course of his visit, Minister Donohoe will hold a series of bilateral meetings, including with senior officials of international organisations, international partners and global business leaders. Minister Donohoe will also have a number of media engagements to communicate the European economic and financial policy agenda.
Speaking ahead of his visit, Minister Donohoe commented:
I look forward to the Spring Meetings as they are always a chance to discuss with international partners the performance and prospects for the global economy. I will also attend the G7 Finance Ministers and Central Bank Governors’ meeting to represent the euro area as President of the Eurogroup.
We are at a delicate juncture for the global economy with inflation coming down and growth picking up but ongoing geopolitical conflicts, uncertainty and associated risks of economic fragmentation posing continuous threats to recovery. The euro area economy has demonstrated significant resilience, despite a challenging external environment.
I will use the opportunity to highlight the important milestones we have achieved in recent months with the agreements on the new fiscal governance framework, our ambitious plans to progress with the Capital Markets Union and our ongoing coordination of economic policy as we aim to ensure sustainable growth and increased investment opportunities.
Paschal Donohoe, President of the Eurogroup
