This article is published in association with IMF. Jorge Alvarez, Alberto Musso, Jean-Marc Natal, Sebastian Wende The inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks The inflation surge over the past three years followed a unique disruption to the global economy. Pandemic lockdowns initially tilted […]Global Inflationary Episode Offers Lessons for Monetary Policy
October 17, 2024 by Leave a Comment
This article is published in association with IMF. Jorge Alvarez, Alberto Musso, Jean-Marc Natal, Sebastian Wende The inflation surge followed a unique disruption to the global economy, but it still offers important lessons for central banks The inflation surge over the past three years followed a unique disruption to the global economy. Pandemic lockdowns initially tilted […]Commission endorses preliminary assessment of Romania’s third payment request under the Recovery and Resilience Facility
October 16, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of the six targets and 62 out of 68 milestones linked to Romania’s third payment request for €2 billion (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU. The third payment request […]Contraception: The Key to Empowering Women and Driving Economic Growth in Low-Income Nations
October 16, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Sadia Khalid, a dedicated professional with an extensive academic background, holding an MBBS and an MD degree. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do […]Team Europe launches new funding envelope to support economic growth in African, Caribbean and Pacific countries
October 15, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the […]Morocco: EIB, the EU bank, commits €1 billion to rebuild infrastructure following Al Haouz earthquake
October 14, 2024 by Leave a Comment
This article is published in association with European Investment Bank. On 10 October 2024, the European Investment Bank (EIB) announced the signing of an agreement with the Moroccan Ministry of Economy and Finance, in the presence of representatives of the Ministry of National Education, Pre-School and Sport, the Infrastructure and Water Ministry, and the Health Ministry, […]Commission approves €520 million Luxembourgish State aid schemes to foster the transition to a net-zero economy
October 14, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved two Luxembourgish schemes with a total budget of €520 million to help manufacturing companies to decarbonise their production processes and to support investments in strategic sectors to foster the transition to a net-zero economy. The schemes were approved under […]Investing in sustainable economic growth and solidarity and safeguarding EU financial interests through our 2023 budget
October 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission welcomes the European Court of Auditor (ECA)’s extensive work on its Annual Report on the 2023 EU budget published today and takes note of the ECA’s valuable insights as regards the regularity of the EU budget implementation. Main achievements of the EU […]Empowering Women: The Essential Link Between Access to Contraception and Economic Prosperity in Low-Income Nations
October 10, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Arwa Alsadig Yaseen, a dedicated advocate for women’s rights and reproductive health. She is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s view […]Remarks of Commissioner Gentiloni at the Eurogroup press conference
October 8, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Thank you, Paschal. Let me start with a few words on the euro area economy. Gradual, moderate expansion is continuing. GDP grew by 0.5% in the first half of the year. Labour markets remain historically strong. Inflation has just fallen below the ECB’s target […]Lessons from Failures of UK Accounting and Fiscal Governance
October 8, 2024 by Leave a Comment
This article is published in association with IMF. David Heald My new journal article with Ron Hodges (University of Birmingham) explores what has gone wrong with UK accounting and fiscal governance. The UK is a long-established parliamentary democracy and an important European economy. While we reject the ‘Britain is broken’ narrative which has been popularized, we […]EU finance ministers welcome proposals for new EIB Group initiatives to deepen Europe’s capital markets, channel savings into productive investments and boost competitiveness
October 8, 2024 by 1 Comment
This article is published in association with European Investment Bank. European Union Finance ministers have welcomed an Action Plan to be deployed by the European Investment Bank (EIB) Group, to support the development of the Capital Markets Union. The Plan includes measures to untap private savings and channel them into productive investment, to boost innovation, competitiveness, […]Cost of living is citizens’ main concern at the start of the new legislature
October 4, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. The European Parliament released today the “EU Post-Electoral Survey 2024” looking at voting behaviour and the main priorities of EU citizens. Rising prices and the cost of living (42%) and the economic situation (41%) were the main topics that motivated European citizens to vote […]Halfway through its lifetime, InvestEU is already playing a key role by unlocking €218 billion in investment towards a more sustainable and competitive EU
October 2, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission presented the interim evaluation of InvestEU, the EU flagship investment programme designed to facilitate better access to finance for companies across Europe in support of common priorities. It notably finds that, halfway through its lifetime, InvestEU has already unlocked €218 billion […]Effective Knowledge Management: Navigating the Complexity of PFM Knowledge
October 2, 2024 by Leave a Comment
This article is published in association with IMF. Zhuolin Li Public Financial Management (PFM) knowledge management remains a significant challenge for many public institutions. The core issue lies in the fact that most knowledge is not effectively captured, shared, or utilized. As a result, a valuable resource is left untapped, and more importantly, the ability to […]Spain: EIB and CriteriaCaixa sign loan to finance the construction of the CaixaResearch Institute, a research centre of “la Caixa” Foundation
October 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and CriteriaCaixa, holding company of “la Caixa” Foundation managing its business assets, have signed a €80 million loan to finance the construction and launch of the CaixaResearch Institute in Barcelona – Spain’s first biomedical research centre dedicated to the interdisciplinary study of […]Commission approves €1 billion Portuguese State aid scheme to support investments in strategic sectors necessary to foster the transition to a net-zero economy
September 30, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved a €1 billion Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis […]Growth in EBRD regions trimmed as economies adjust to new realities
September 27, 2024 by 1 Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has revised slightly downwards its expectations of growth across the regions where it invests. Its latest Regional Economic Prospects report gives a growth figure for 2024 of 2.8 per cent, 0.2 percentage points down on its previous forecast […]Commission carries out unannounced antitrust inspections in the financial services sector
September 25, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States. The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices (Article 101 of […]Commission carries out unannounced antitrust inspections in the financial services sector
September 24, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States. The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices (Article […]How to Awaken Europe’s Private Sector and Boost Economic Growth
September 23, 2024 by Leave a Comment
This article is published in association with IMF. Diego Cerdeiro, Gee Hee Hong, Alfred Kammer In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasized by Mario Draghi’s Sept. 9 competitiveness report for the European […]Political Parties of all Stripes are Pushing for Higher Government Spending
September 20, 2024 by Leave a Comment
This article is published in association with IMF. Large fiscal deficits and elevated debt levels call for greater fiscal prudence, but political forces are pulling in the opposite way Era Dabla-Norris, Enrico Di Gregorio, Yongquan Cao September 16, 2024 Conservative politics has traditionally been defined by its emphasis on fiscal prudence and the idea of a […]Draghi to MEPs: “Europe faces a choice between exit, paralysis, or integration”
September 18, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. On Tuesday, Mario Draghi outlined his blueprint for improving Europe’s competitiveness through closer cooperation in core areas and massive investment in shared objectives. Mr Draghi, author of a report on European competitiveness requested by the President of the European Commission, said that the EU […]The Gambia: Renewing the Push for Domestic Revenue Mobilization
September 17, 2024 by Leave a Comment
This article is published in association with IMF. The Gambia has been relying heavily on donor support to finance critical government activities. Approximately 27 percent of the budget was funded by donors on average between 2018 and 2023. The support seems to have reached its peak despite the country’s growing developmental needs. In response, the government […]Commission endorses preliminary assessment of Slovenia’s third payment request for €257.6 million under the Recovery and Resilience Facility
September 17, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of Slovenia’s third payment request for €257.6 million (net of pre-financing) under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. Following its assessment of the payment request, submitted by Slovenia on 28 June 2024, […]Sustained Economic Growth Hinges on Productivity Gains as Populations Age
September 13, 2024 by Leave a Comment
This article is published in association with IMF. A productivity slump is eroding living standards and imperiling financial and social stability “Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost everything.” Productivity is a foundation of prosperity. The only way a country can […]EBRD helps Ukraine’s banks to unlock €690 million of new lending
September 12, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing new guarantees to Ukraine’s banking sector and unlocking €690 million of new financing to critical industries in wartime Ukraine. The Bank is extending unfunded portfolio risk-sharing facilities to PrivatBank, Ukrgasbank, KredoBank and Bank Lviv, under which the […]European Commission issues €10 billion in its 8th syndicated transaction of 2024
September 11, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €10 billion of EU-Bonds in its 8th syndicated transaction for 2024, €5 billion of which in the form of NextGenerationEU (NGEU) Green Bonds. The dual-tranche transaction concerned a new €5 billion bond due on 4 December 2031, and […]EBRD deepens cooperation with AccessBank in Azerbaijan
September 10, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in Azerbaijan by partnering with AccessBank to share risk in loans provided to local small and medium-sized enterprises (SMEs). Under the RSF agreement, the EBRD and AccessBank will each provide up to […]EIB advocates for more investment and green financing at Poland’s leading economic conference
September 9, 2024 by Leave a Comment
This article is published in association with European Investment Bank. European Investment Bank delegation led by Vice-President Teresa Czerwińska participated in the Economic Forum, Poland’s leading economic conference that took place in the south-western town of Karpacz on Sept.3-5. For the second year running, the EIB contributed to a respected economic report authored by Poland’s top […]Fed Rate Cuts May Help Revive Bond Flows to Emerging, Developing Economies
September 9, 2024 by Leave a Comment
This article is published in association with IMF. Paula Arias, Robin Koepke Some higher risk countries still face high costs for selling foreign-currency denominated debt to investors after major central banks raised interest rates Capital flows to emerging market and developing economies went through several boom-bust cycles in recent decades, often partly driven by external developments […]Commission endorses preliminary assessment of Greece’s fourth payment request for €998.6 million in grants under the Recovery and Resilience Facility
September 5, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of Greece’s fourth payment request for €998.6 million (net of pre-financing) in grants, following the disbursement of Greece’s fourth payment request of loans on 23 July 2024, under the Recovery and Resilience Facility, the centrepiece […]AI-Powered Treasury: Georgia’s Innovative Approach to Managing Payment Risks
September 4, 2024 by Leave a Comment
This article is published in association with IMF. Davit Gamkrelidze, Giorgi Mchedlishvili, Graham Prentice, Alok Verma Imbibing the spirit of Georgia’s national epic, “The Knight in the Panther’s Skin” by Shota Rustaveli, which celebrates the virtues of exploration and overcoming challenges, the Georgian State Treasury[1] has embraced innovative modern technology to manage risks in Treasury payments. Georgia has established a […]Women Lead Record Number of Central Banks, but More Progress is Needed
August 30, 2024 by Leave a Comment
This article is published in association with IMF. New governors in Bosnia and Herzegovina and Papua New Guinea lifted the share of central banks with women leaders to 16 percent The Editors Women are leading more central banks than ever before, thanks to appointments in the past year, but recent gains still leave the share of […]
