Minister Donohoe to represent the Eurogroup at the Spring Meetings of the IMF and World Bank Group in Washington, DC

11th April, 2023

President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery, and Reform, Paschal Donohoe, will travel today, 11 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 state of the global economy and the European economic outlook, global financial stability, Russia‚Äôs war against Ukraine and support for Ukraine, climate transition, and the sustainable development agenda.     

Throughout his visit, Minister Donohoe will hold a range of bilateral meetings, including with senior officials of international organisations, international partners and global business leaders.  He will participate in a roundtable organised by the Brookings Institute Center on the United States and Europe. Minister Donohoe will also have a series of media engagements to communicate on the European economic and financial policy to a global audience.

Minister Donohoe said: “I look forward to my visit to Washington D.C to participate in the Spring Meetings of the IMF and the World Bank and the G7 Finance Ministers and Central Bank Governors meeting. This will be an opportunity to discuss the state of the global economy, the challenges we face and the ways we can address them in a coordinated manner. As President of the Eurogroup, I will highlight the resilience of the euro area economy in the face of unprecedented series of shocks, our ongoing work on coordination of economic and budgetary policies to address elevated inflation levels and ensure continuous stability of the euro area economy while continuing to protect the most vulnerable. This will also be an opportunity to highlight the work we have done on strengthening our Banking Union and the next steps we will be undertaking as well as our plans of deepening our Capital Markets Union in view of improving further the competitiveness of the euro zone. I expect that the support for Ukraine will feature prominently in our discussions with the EU standing firmly by Ukraine and its people for as long as it takes.”